Announced
Financials
Sources
Tags
Industrial Distribution
Acquisition
Majority
Friendly
Germany
shipping company
Cross Border
Pending
Single Bidder
Public
Synopsis
Mediterranean Shipping Company, a container shipping company, agreed to acquire a 49.9% stake in Hamburger Hafen und Logistik, a logistics and transportation company, for €1.26bn. Nikolas Mauder at Kepler Cheuvreux said there were concerns about a "wall" of capital expenditure needed at HHLA, which like other German ports is facing major challenges amid weak foreign demand and fierce competition.
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