FRANKFURT (Reuters) - The chief executive of German container shipping liner Hapag Lloyd HLAG.DE said he was not aware of major merger activities in the sector a day after a Reuters report said his company had been approached by French rival CMA CGM [CMACG.UL].
“We do not see major takeovers in the industry,” Rolf Habben Jansen said in a statement issued on the day of the firm’s annual general meeting in Hamburg.
“If at all, there are smaller tie-ups by niche players in the short term,” he said.
Reporting by Vera Eckert; Editing by Arno Schuetze
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