News / MSC extends deadline on HHLA share offer in move for more control

Photo: HHLA

MSC has extended the deadline for its share purchase offer to HHLA shareholders to 7 December, as it closes in on the deal to jointly own the Hamburg port logistics company.

The world’s largest shipping line wants to run HHLA as a joint-venture with the City of Hamburg, the municipal authority owning a strategic 50.1% majority, and MSC the remaining 49.9%.

Hamburg’s municipality currently owns around 69% of HHLA, with 31% floated on the Frankfurt Stock Exchange. Of that 31%, MSC has ...