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Hapag-Lloyd merger with Hamburg-Sued called off

FRANKFURT (Reuters) - The owners of unlisted container shipping group Hapag-Lloyd <HPLG.UL> said the planned merger with rival Hamburg-Sued has been called off because terms could not be agreed. The Albert-Ballin consortium of Hapag-Lloyd investors said in a brief statement late on Sunday that the Oetker family behind Hamburg-Sued had asked for merger talks to be ended.
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