Swiss shipping giant MSC has successfully completed all regulatory requirements for its acquisition of Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), a leading logistics provider in the Port of Hamburg. As of November 14, 2024, MSC’s subsidiary, Port of Hamburg Beteiligungsgesellschaft SE, has fulfilled all closing conditions for the voluntary public takeover offer. This includes securing merger control clearance in Ukraine after earlier approval from the European Commission.
MSC will now pay €16.75 per class A share to shareholders who tendered their shares. The move follows MSC’s earlier acquisition of over 92% of HHLA shares, in partnership with the City of Hamburg, which aims to enhance the strategic development of HHLA and the Port of Hamburg. The focus of the transaction is on container terminal services, port transport, and logistics across key European terminals.