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Maersk purchase price for Hamburg Sud revealed as $4bnMaersk purchase price for Hamburg Sud revealed as $4bn

Maersk Line’s purchase price for Hamburg Sud has been revealed at EUR3.7bn ($4.03bn).

Marcus Hand, Editor

April 28, 2017

1 Min Read
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With the approval of the sale and purchase agreement by boards of both Maersk and the Oetker Group, the Danish company said that it was paying EUR3.7bn on a cash and debt free basis. Maersk said it had established a syndicated loan facility to fund the acquisition.

The due diligence process carried out in the past months confirmed that Hamburg Süd is a stable and excellently positioned company and will be an attractive addition to the existing business area of the purchaser, Maersk Line,” said August Oetker, chairman of the advisory board of Dr. August Oetker KG.

“We are confident that the Maersk Group, as an economically strong partner, will successfully lead Hamburg Süd into the future and welcome its staff to the Maersk family with open arms.”

Maersk said it expects to generate operational efficiencies in the region of EUR350 – 400m a year from 2019.

The transaction which is expected to be completed by the end of 2017 has been approved by the US and EU authorities, the latter with conditions attached.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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