Hamburg-based DAL Deutsche Afrika-Linien GmbH & Co. KG, which is part of the Rantzau Group, has sold its container liner service to Hapag-Lloyd AG. The transaction also includes the worldwide agency business conducted through various subsidiaries in Germany and South Africa, the container ship MV DAL Kalahari (6,589 TEU), and a fleet of around 17,800 containers, both owned and leased. The staff in Bremen, Hamburg and South Africa will be integrated into Hapag-Lloyd AG. The purchase price was not disclosed. The transaction is currently awaiting approval from the competition authorities and also subject to other conditions.
An international CMS team headed by lead partners Dr Christian von Lenthe and Dr Jacob Siebert advised Deutsche Afrika-Linien on all legal aspects of the complex cross-border transaction.
CMS Germany
Dr Christian von Lenthe, Lead Partner, Hamburg
Dr Jacob Siebert, Lead Partner, Hamburg
Dr Arne Burmester, Lead Counsel, Hamburg
Tobias Kalski, Associate, Hamburg, all Corporate/M&A
Dr Olaf Thießen, Principal Counsel, Hamburg, Tax
Jürgen Siemers, Hamburg, Partner
Dr Philipp Nonnenmühlen, Senior Associate, Hamburg, both Labor, Employment & Pensions
Christoph Zarth, Partner, Hamburg, Maritime
Dr Markus Schöner, Partner, Hamburg
Tobias Duhe, Senior Associate, Hamburg, both Competition
CMS South Africa
Yushanta Rungasammy, Partner
Savanna Stephens, Senior Associate, both Corporate
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