MSC and Hamburg secure 92.3% of HHLA at end of second acceptance period - MSC

Hamburger Hafen und Logistik AG

12/12/2023 11:33

BERLIN, Dec 12 (Reuters) - Swiss-based MSC secured 92.3%
of port operator HHLA  HHFGn.DE  together with the German city
of Hamburg after the end of a second acceptance period at
midnight on Thursday, the world's biggest container shipping
company said on Tuesday.
    MSC had offered to buy almost half of the main operator of
Hamburg port in September, with the city of Hamburg, which owns
69% of HHLA's A shares and all of its unlisted S-shares,
retaining control with a 50.1% stake via the S-shares.
    
    

 (Reporting by Elke Ahlswede, Writing by Linda Pasquini, Editing
by Rachel More)
 ((linda.pasquini@thomsonreuters.com; +48 58 7785261;))