VIPsight - January 2013

COMPANIES

Legal limit on port access

For the first time the Marco Polo, the CMA CGM shipping firm‘s container ship, has docked at the Burchardkai of HHLA (the Hamburg port company Hamburger Hafen und Logistik AG). The traditional shipping firm from Marseilles operates the world‘s largest container ship (54 x 396 meters), for 16,020 containers, which can reach the port but only without a full load. The reason for this restriction of the port of Hamburg‘s economy lies in the dispute over a long-delayed Elbe deepening - only with a deeper-dredged waterway can these mega-ships reach the harbour temporarily. AP Moeller Maersk of Denmark has the next generation under construction: a container ship for 18,000 containers.

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Poison-Pill at the Kartellamt

The Asklepios hospital group, preventer of the acquisition of Rhӧn-Klinikum in 2012, cannot after a Bundeskartellamt (Federal Cartel Office) decision increase its stake above 10%. Against the Fresenius bid, Asklepios had bought over 5% of the shares, because Fresenius had among other things made a 90% minimum participation rate a condition. Both contenders thus failed because of the poison pill of the founder and old shareholder, the Münch family, in the statutes. The current Supervisory Board chairman Eugen Münch had as outgoing CEO installed this security against foreign influence; this veto was important to him then, but is now preventing his plans and those of the other shareholders alike.