News / HHLA directors recommends MSC offer to shareholders

Photo: HHLA/Thies Rätzke

MSC moved another step closer to buying a 49% stake in Hamburg terminal and intermodal operator HHLA, after the target’s board formally recommended the Swiss carrier’s offer to shareholders.

Weeks of negotiations between MSC and HHLA and its major shareholder, City of Hamburg – which hold a 67% stake, with the remainder floated on the Frankfurt stock exchange – secured a series of commitments from the shipping line over the future of HHLA.

The talks also saw agreement that the acquisition price, ...