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

Announced

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

Transaction Value

£1,083m

Consideration Type

Cash

Capital Owned

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Capital bid for

50%

EV/Sales

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EV/EBITDA

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