COPENHAGEN Dec 1 Denmark's Maersk Line is to
acquire German rival container shipping line Hamburg Süd and
expects to finalise the transaction by end 2017, parent A.P.
Moller-Maersk said on Thursday.
Maersk said the acquisition is subject to final agreement
and regulatory approvals, and will have no impact on Maersk's
outlook for 2016.
A.P. Moller-Maersk said it expects to communicate further
details following approval of the purchase agreement which is
expected early in Q2 of 2017.
(Reporting by Annabella Pultz Nielsen; editing by Jason Neely)