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Maersk Line, the container shipping unit of A.P. Moller-Maersk A/S, announces its acquisition of Hamburg Süd, a German shipping line. Maersk Line agrees to pay approximately $4 billion, expanding its presence on North-South shipping routes and establishing itself as the leading player in trades involving Latin America. The completion of the deal is subject to regulatory approvals, with due diligence influencing the final price.
Wednesday, 30 November, 2016