Recent developments indicate that MSC and the City of Hamburg are making significant strides towards gaining control of HHLA, a prominent Hamburg-based terminal and intermodal operator. The world’s largest container shipping line, MSC, seeks to acquire a controlling interest, and a shareholder vote outcome is imminent.
Progress Toward Full Control
With a deadline for shareholders to accept the latest offer of €16.75 per share, reports suggest that MSC and the City of Hamburg might have surpassed the crucial 90% threshold. If confirmed, this would enable them to compel remaining shareholders to sell, solidifying their control over HHLA. The agreement includes provisions for the city to maintain majority control, emphasizing a strategic shareholding split and MSC committing to significant cargo volume through HHLA’s gateways.
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Source: THE LOADSTAR