News / Hamburg Süd buy will cost Maersk $4bn, but could save $500m a year

Cap San Augustin

Maersk Line is to pay $4.03bn to acquire Hamburg Süd, following approval from the boards of both carriers.

The takeover, announced in December, had been expected to cost $3.2-$5.4bn and create $350m-$400m in annual operational synergies.

However, one banking source told The Loadstar the numbers seemed “somewhat low”, and suggested the savings could be as much as $500m a year.

“I believe the company is giving a lower number here and it will be materially higher than market expectations,” the source added.

Jefferies equity analyst Dave Kersetens ...