Germany's HHLA announces takeover offer by MSC Group

Hamburger Hafen und Logistik AG

13/09/2023 06:53

BERLIN, Sept 13 (Reuters) - HHLA  HHFGn.DE  on Wednesday
announced that Port of Hamburg Beteiligungsgesellschaft SE - a
subsidiary of the MSC Mediterranean Shipping Company - is
submitting a takeover offer for the logistics company, which
runs Germany's biggest port in Hamburg.
    HHLA said MSC was making a cash offer to acquire all
registered no-par value shares of class A stock in the company,
adding that it was subject to legal and regulatory approvals as
well as approval by the federal state parliament of Hamburg.

 (Writing by Friederike Heine; Editing by Christopher Cushing)
 ((friederike.heine@thomsonreuters.com;))