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MSC to acquire a minority stake in HHLA
Photo: Port of Hamburg
Hamburg Port and Logistics AG (HHLA) has revealed that MSC Mediterranean Shipping Company’s subsidiary, Port of Hamburg Beteiligungsgesellschaft SE, intends to make a voluntary public takeover offer for all HHLA's class A common stock bearer shares.
The offer will involve a cash payment of EUR 16.75 per share. The transaction is subject to regulatory approvals, including competition authorities and the Hamburg Parliament.
If the offer is approved, HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH, a subsidiary of the Free and Hanseatic City of Hamburg (FHH), will exchange its class A common shares for bidder shares, resulting in shared ownership between FHH and MSC in the bidder's capital.
HHLA's board will assess the offer's implications in the best interests of the company and stakeholders, with updates provided as per legal requirements. (pb)