The logistics entrepreneur Klaus-Michael Kühne would like to take over the Hamburg Port Authority HHLA in collaboration with the container shipping company Hapag-Lloyd.
“If an acquisition of HHLA is feasible, it would be possible to include Hapag-Lloyd or to leave the stake entirely to Hapag-Lloyd,” Kühne told the “Frankfurter Allgemeine Zeitung” according to the preliminary report. His move has not yet been coordinated with the shipping company, in which he holds a 30 percent stake. Competitors such as MSC or CMA CGM, who could feel offended by such a transaction, would therefore offer Kühne terminal shares “in order to bind them to Hamburg and at the same time give them a say.” When asked about the fact that the Hamburg Senate Kühne said that HHLA did not want to sell at all and that the process was not a sure-fire success. “A lot depends on politics in Hamburg, which is currently very left-leaning. But as soon as fresh forces from the bourgeois camp gain weight, the tide could change. I know that there are many supporters of my ideas.” He would therefore be prepared to spend around half a billion euros for the majority shareholding in HHLA and to invest in modernizing the facilities.
In XETRA trading, the HHLA share temporarily climbed by 4.50 percent to 11.60 euros.
Berlin (Reuters)
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