Maersk Line’s acquisition of Hamburg Süd progresses as $4bn price revealed

Maersk Line’s acquisition of Hamburg Süd progresses as $4bn price revealed

Apr 28, 2017 03:41 pm | Grant Rowles

The boards of both Maersk Line and Oetker Group have approved the recently agreed sale and purchase agreement for the Danish Line to buy Hamburg Süd for a price of EUR3.7bn ($4.03bn). Maersk Line will acquire Hamburg Süd on a cash and debt-free basis, and will finance the acquisition through a syndicated loan facility. Søren