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

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

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.

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