Think Maritime » NOL http://www.thinkmaritime.com Fri, 01 Jan 2010 12:01:42 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 K + N offers more for Hapag-Lloyd than NOL http://www.thinkmaritime.com/2008/10/05/k-n-offers-more-for-hapag-lloyd-than-nol/ http://www.thinkmaritime.com/2008/10/05/k-n-offers-more-for-hapag-lloyd-than-nol/#comments Sun, 05 Oct 2008 21:39:10 +0000 Dirk http://www.thinkmaritime.com/?p=231 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.

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