The investment group around Kuehne + Nagel’s topman Klaus-Michaël Kühne offered more than 4 billion euro for Hapag-Lloyd. This is about a half billion more than NOL’s offer for the German shipping company states the Financial Times Deutschland.
Travel company TUI expects to make a decision about Hapag next year April. TUI wants to strengthten is position in the travel industry with the sale of Hapag.
That Kühne and its investors made a higher bid is surprising. It was expected that NOL’s offer was higher because its merger with Hapag would create synergy effects. The shipping line from Singapore has still the possibility to increase its offer.
Post Tags: container, Hapag, Hapag-Lloyd, K + N, Klaus-Michaël Kühne, Kuehne + Nagel, marine, maritime, Neptune Orient Line, NOL, Touristik Union International, TUI, TUI AG
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