Hapag-Lloyd remains in German hands

News by WCN Editorial

TUI has sold Hapag-Lloyd in a deal worth €4.45B (US$6B) that keeps the shipping line in German hands. The deal is the biggest in the shipping industry since A P Moeller-Maersk, the world’s largest shipping line, bought Royal P&O Nedlloyd for €2.5B in 2005.

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