Today, the boards of Maersk Line and the Oetker Group made a joint announcement on the future management of Hamburg Süd. The announced changes are subject to the closing of Maersk Line’s acquisition of Hamburg Süd. Maersk Line expects this to happen in the fourth quarter of 2017. Until then, Hamburg Süd and Maersk Line will continue business as usual. The acquisition remains subject to regulatory approvals.
Maersk Line and Hamburg Süd sale and purchase agreement approved by boards of Maersk Line and Oetker Group. Now we can be stronger and sail forward together to the benefit of our customers.