Klaus-Michael Kuehne has become the largest shareholder of Germany’s Hapag-Lloyd.
Companies controlled by the German logistics entrepreneur have increased their stake by about 3% to give Kuehne a 29.2% shareholding in the world’s fourth-largest container shipping company.
Kuehne Holding and Kuehne Maritime controlled just 20.5% at the start of 2018.
The larger stake means Kuehne has leapfrogged the Luksic family of Chile, which was previously the largest shareholder.
