Maersk has closed its acquisition of Hamburg Süd after it cleared the final regulatory approval with Korea’s Fair Trade Commission go-ahead.
The purchase had to gain regulatory approval in 23 jurisdictions, the Korean decision coming almost a year after the acquisition was announced.
Maersk Line will acquire Hamburg Süd for €3.7bn on a cash and debt-free basis, with the deal financed through a syndicated loan facility.
Chief executive of the Danish carrier Soren Skou said …
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Source: The Loadstar