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No Kuehne counter offer on table for Hamburg port operator - authority

Published 09/14/2023, 07:27 AM
Updated 09/14/2023, 07:30 AM
© Reuters. FILE PHOTO: Containers are seen at a terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - The city of Hamburg's economy authority said there was no counter offer on the table from billionaire logistics investor Klaus-Michael Kuehne for a majority stake in the HHLA port operator, in an emailed statement to Reuters on Thursday.

On Wednesday, Kuehne, who owns a 30% stake in Hapag-Lloyd, said he was examining a public takeover bid of his own after Swiss-based MSC offered to buy almost half of the HHLA in a deal with the local Hamburg government.

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