No Kuehne counter offer on table for Hamburg port operator - authority


Reuters | Berlin | Updated: 14-09-2023 16:53 IST | Created: 14-09-2023 16:53 IST
No Kuehne counter offer on table for Hamburg port operator - authority
  • Country:
  • Germany

The city of Hamburg's economy authority said there was no counter offer on the table from billionaire logistics investor Klaus-Michael Kuehne for a majority stake in the HHLA port operator, in an emailed statement to Reuters on Thursday.

On Wednesday, Kuehne, who owns a 30% stake in Hapag-Lloyd , said he was examining a public takeover bid of his own after Swiss-based MSC offered to buy almost half of the HHLA in a deal with the local Hamburg government.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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