Independent journal on economy and transport policy
11:29 GMT+1
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Hapag-Lloyd and Hamburg Süd interrupt the negotiations for the fusion
the two German shipowning groups are not successful to reach an agreement
March 25, 2013
The negotiations for the fusion of the German shipowning societies Hapag-Lloyd and Hamburg Süd are interrupted, under way at the end last year ( on 18 December 2012). Hapag-Lloyd has announced that the group controlled from the Oetker family, to which Hamburg Süd is under responsibility, has decided to place term to negotiates and has specified that the motivation whom it has induced to such decision is that up to now the shareholders of both shipowning groups have not been able to reach an agreement on the terms of the transaction.
Hamburg Süd takes part of the Oetker group, specialized mainly in the alimentary field, than work in the field of the shipping also through the branch Brazilian Aliança, than – as Hamburg Süd - it carries out total, but centralized services of line above all on the Latin American market, and the branch German Rudolf A. Oetker (RAO), that it realizes services tramp.
The Hapag-Lloyd group, holder of a Network of total services of line, is participated with 77.96% from the Albert Ballin consortium, that it groups the city administration of Amburgo, Kühne Maritime, Signal Iduna, HSH Nordbank, M.M.Warburg Bank and HanseMerkur, and with 22.04% from tourist group German TUI, that it has in program the cession of own quota.
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The negotiations for the fusion of the German shipowning societies Hapag-Lloyd and Hamburg Süd are interrupted, under way at the end last year 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
