Swiss Mediterranean Shipping Company (MSC) has gained regulatory approval to join the ownership structure of Germany’s logistics provider Hamburger Hafen und Logistik Aktiengesellschaft (HHLA).
As of November 14, 2024, all closing conditions for the voluntary public takeover offer of Port of Hamburg Beteiligungsgesellschaft SE (Bidder), a wholly owned subsidiary of MSC Mediterranean Shipping Company S.A. (MSC), have been fulfilled.
After the European Commission granted merger control clearance at the beginning of October, the last outstanding closing condition has now been met with merger control clearance in Ukraine.
In the next step, the Bidder will, in accordance with the Offer Document, pay the offer price of € 16.75 per class A share to the HHLA shareholders who had tendered their shares in the public takeover offer and since been trading under ISIN DE000A37FUD8. The payment will be made within seven banking days following the announcement by the Bidder that all offer conditions have been met. In return, the Bidder obtains ownership of the class A shares tendered.
HHLA is one of Europe’s leading logistics companies. Founded in 1885, HHLA operates seaport terminals in Hamburg, Tallinn, Trieste, and Odessa, and provides high-frequency hinterland connections and well-connected intermodal hubs in Central and Eastern Europe. The company focuses on innovative technologies and sustainability, aiming to reduce its CO2 emissions by 50% by 2030 and achieve carbon neutrality by 2040.