MSC denies media report it looking to buy stake in Hapag-Lloyd

GENEVA : MSC, the ‌world’s largest container shipping company, denied a report by ​Manager Magazin published on ​Wednesday that its Founder and ⁠Executive Chairman Gianluigi Aponte ​is looking to acquire a ​stake in German rival Hapag-Lloyd (HLAG.DE).

“This report is not true,” MSC ​told Reuters. Hapag Lloyd ​declined to comment on the report. Citing ‌sources, ⁠the business magazine had reported that Aponte had been in talks with Hapag-Lloyd’s main ​shareholders for ​some ⁠time despite being brushed off.

German billionaire Klaus-Michael ​Kuehne and Chilean ​shipping ⁠company Compania Sud Americana De Vapores each hold 30% ⁠in ​Hapag-Lloyd, LSEG data ​show.

Source : Reuters