News / Maersk purchase of Hamburg Süd gets final regulatory approval, one year on

© Jeffrey Banke

Maersk has closed its acquisition of Hamburg Süd after it cleared the final regulatory approval with Korea’s Fair Trade Commission go-ahead.

The purchase had to gain regulatory approval in 23 jurisdictions, the Korean decision coming almost a year after the acquisition was announced.

Maersk Line will acquire Hamburg Süd for €3.7bn on a cash and debt-free basis, with the deal financed through a syndicated loan facility.

Chief executive of the Danish carrier Soren Skou said the deal’s approval was an “important” milestone in Maersk’s strategy ...