On December 1, 2016 Dr. August Oetker KG an-nounced that it will after 80 years divest from its shipping interests and that in-tends to sell the ownership of Hamburg Süd and all its affiliates including the main business assets (vessels and containers) to Maersk Line A/S, Copenha-gen, Denmark.
We are pleased to inform that, today(14th March), the parties have signed a Sale and Pur-chase Agreement which in the coming weeks will be reviewed and authorized by the respective Supervisory Boards and Shareholder Assemblies between end of April / mid May.
Representation Image – Credits: hamburgsud.com
Subject to the approval by the competent regulatory bodies the Closing may take place at the end of this year.
Reference: hamburgsud.com
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