Hamburg port operator HHLA skyrockets after MSC takeover bid

Hamburger Hafen und Logistik AG

13/09/2023 08:57

** Shares in Hamburg port operator HHLA  HHFGn.DE  surge 45%
to their highest in 19 months after Swiss MSC Mediterranean
Shipping Company announced a takeover offer 
    ** MSC offers to buy HHLA's all A-class listed stocks for
16.75 euros per share, against Tuesday's closing price of 11.54
euros
    ** The city of Hamburg currently owns around 69% of HHLA's
listed A-shares and all of its unlisted S-shares  
    ** HHLA, which is Germany's biggest port operator, has
posted EBIT for H1 halving to 50.4 million euros ($54.13
million) due to a slowdown in the global economy, and lowered
its annual forecast
    
     
($1 = 0.9315 euros)

 (Reporting by Andrey Sychev)
 ((Andrey.Sychev2@thomsonreuters.com; Twitter: https://twitter.com/sich_11))