The German container shipping company Hapag-Lloyd will acquire the box line business of its compatriot carrier Deutsche Afrika-Linien (DAL).
Although the completion of the transaction is still subject to the approval of the responsible antitrust authorities, the two Hamburg-based companies have signed a framework agreement.
With this acquisition, Hapag-Lloyd aims to strengthen its position in Africa, which remains an important strategic growth market for the company’s CEO Rolf Habben Jansen, who...