# No Kuehne counter offer on table for Hamburg port operator – authority
Published: 2023-09-14
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Klaus-Michael Kuehne no counter offer on table for HHLA
Meta Description: Hamburg's economy authority confirms no counter offer from billionaire Klaus-Michael Kuehne for majority stake in HHLA port operator. Stay updated.
URL: https://business.express/no-kuehne-counter-offer-on-table-for-hamburg-port-operator-authority/

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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)


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