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As of November 14, 2024, all conditions for the voluntary public takeover offer by Port of Hamburg Beteiligungsgesellschaft SE (the bidder), a subsidiary of MSC Mediterranean Shipping Company S.A. (MSC), have been fulfilled.
(Hamburg) After the European Commission granted merger control approval at the beginning of October, the last outstanding condition for merger control approval in Ukraine has now been met.
In the next step, the bidder will pay the offer price of 16.75 euros per A-share to the HHLA shareholders who tendered their shares as part of the public takeover offer and who have since been listed under ISIN DE000A37FUD8. The payment will be made no later than within seven banking days after the announcement of the fulfillment of all conditions by the bidder. In return, the bidder acquires ownership of the tendered A-shares.
A Strong Partnership and a Strategic Vision
The City of Hamburg and MSC Mediterranean Shipping Company aim to establish a strategic and long-term partnership. The goal of the partnership is to enhance the significance of HHLA and, consequently, the entire Port of Hamburg for container shipping as an essential component of global trade and economic prosperity.
At the heart of this initiative is an attractive growth vision for HHLA – a leading European logistics company with an excellent network of container terminals and hinterland connections. In the planned joint venture, the City of Hamburg will hold at least 50.1% and MSC up to 49.9% of HHLA shares.
MSC, a global leader in shipping and logistics, and the City of Hamburg will work closely together to jointly develop a long-term investment plan with HHLA.
Photo: © HHLA
