Business, Freight News, Sea

Hapag-Hamburg Sud merger is off

[ March 25, 2013   //   ]

Hapag-Lloyd and Hamburg-Sud have called off their merger plan, at least for the time being, saying that terms could not be agreed. The two German lines were reported to be considering a merger last December. A consortium of Hapag-Lloyd investors said in a statement that family-owned Hamburg-Sud had asked for merger talks to be ended. Hapag-Lloyd co-owner Klaus-Michael Kuehne may however attempt to list Hapag-Lloyd as a public company on its own.

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