COPENHAGEN, Dec 1 (Reuters) - 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)