Mediterranean Shipping Company to acquire a 49.9% stake in Hamburger Hafen und Logistik for €1.26bn.

Transaction 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.

Sources