sa2017 Maersk Lie lo pay $4 bin fr Hamburg Sud- Nasdaqicom Maersk Line to pay $4 bIn for Hamburg Sud + bxpects deal to result in anna savings of up to $400 sin * peal slated to close by year COPENMAGEN, April 28 (Reuters) = The world's biggest eower container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its meee acquisition of sealer Geran Conbined, the two conpanies will be able to realise annual operational savings of about $350 milion to $400 nillion, aersk Line said in a statenent fleshing out detail on the deal announced in Decenber. [aL NIB42K3] 8y keeping Manturg Sud as a separate and well-run company, vinide stil extracting the opera Skou, CEO of both Maersk Line and As parent A.P. Moller-Maersk onal synergies," said Soren Group . The boards of Maersk Line and the Oetker Group, omer of Hanburg Sud, on Friday approved the proposed ceal, which has been given the green Light by the European Comission and the U.S. Departnent of austice, Wacrsk paid a significant anount for Hamburg Sud, but considering the wave of consolidation in the industry ... you do not get anything cheaply," Syabank analyst Morten Insgard said, adding that the final price was just within his highest ‘The proposed acquisition will still need approval. fron regulatory avthorities in countries such as Srazil, china and South Korea, a Maersk spokesman told Reuters, adding that the company expects to secure hese by Decenber or early 2018, Integration does not start until we have all approvals,” he said ‘The proposed merger will strengthen the Danish company's presence in global trade, particularly in Latin america, where Hamburg Sud has been long established. The jab is now to realise those synergy effects, and ntegrating shipping conpanies is not without obstacles, Insgaard said, referring to past acquisitions that have resulted Maersk is also in the process of spinning off its energy nore sharply on its transport division. [nLENLBV23U] Maersk Line expects the Hanburg Sud transaction to close by the end of the year ($1 = 0.9200 euros) Maersk to buy German shipping Line Hanburg Sud [ALBNIOKIND) (eporting by Nikola) skydsgaard; editing by David Goodean) (Nikola SkydsgaardBthomsonreuters.con; 445 33 96 96 63; Revters Messaging nikolaj.skydsgaard. thensonreuters.congreuters.net)) Intputwww.rasdag comfarticleimaersktine-to-pay-4-br-for-hamburg-sus-70170428-00187 wsa2017 ‘Marek Line ta pay $4 bn for Hambuxg Sud - Nasdag.com Keywords: HANBURGSLO MAA/HAERSK “This ale appoars in: World Markets , Stocks Referenced Symbols: MAERSK More from Reuters J Subscribe Related stocks Articles GJ Subscribe > European uty Benchmarks Close Higher Mideast Shares Mie sad Stocks Weighed by > What fo Watch When Yamana Gold Reports Intputwwu.rasdag comfarticleimaersktine-to-pay-4-br-for-hamburg-sus-70170428-00187