Brief: HHLA Says MSC Reaches Final Acceptance Rate Of 9.74 Percent For Takeover Offer For HHLA

Hamburger Hafen und Logistik AG

12/12/2023 12:03

Dec 12 (Reuters) - HHLA  HHFGn.DE :
    * MSC REACHES FINAL ACCEPTANCE RATE OF 9.74 PERCENT
    * OFFER WAS NOT SUBJECT TO A MINIMUM ACCEPTANCE THRESHOLD.
IN
THEIR JOINT REASONED STATEMENT OF 6 NOVEMBER 2023, EXECUTIVE
BOARD AND SUPERVISORY BOARD OF HHLA RECOMMENDED TO SHAREHOLDERS
TO ACCEPT OFFER.
    * IN ADDITION, MSC HAS PURCHASED 12.21 PERCENT OF HHLA
SHARES ON
OPEN STOCK MARKET
    * TOGETHER WITH CLASS A AND S SHARES HELD BY CITY OF
HAMBURG,
JOINT VENTURE PARTNERS NOW HOLD 92.30 PERCENT OF HHLA'S SHARE
CAPITAL
    * SUBJECT TO FULFILMENT OF THESE CONDITIONS, CLOSING OF
TRANSACTION IS CURRENTLY EXPECTED TO TAKE PLACE IN Q2 OF 2024
    * CLOSING OF TRANSACTION IS CURRENTLY EXPECTED TO TAKE PLACE
IN Q2
OF 2024
    * CLOSING OF TRANSACTION REMAINS SUBJECT TO CERTAIN
REGULATORY
APPROVALS THAT ARE SET OUT IN OFFER DOCUMENT AS WELL AS APPROVAL
BY PARLIAMENT OF FREE AND HANSEATIC CITY OF HAMBURG
    * SUBJECT TO FULFILMENT OF THESE CONDITIONS, CLOSING OF
TRANSACTION IS CURRENTLY EXPECTED TO TAKE PLACE IN Q2 OF 2024

Source text for Eikon:  ID:nEQ5xRHqa 
Further company coverage:  HHFGn.DE 

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