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

2 months ago 21

Containers are seen at a terminal in the port of Hamburg

Containers are seen at a terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer/File Photo Acquire Licensing Rights

BERLIN, Sept 14 (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 (HLAG.DE), 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.

Reporting by Jan C Schwartz, Writing by Rachel More, Editing by Miranda Murray

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