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

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Swiss-based MSC secured 92.3% of port operator HHLA 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.

[reuters]

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