All the closing conditions of the voluntary public takeover offer for MSC’s entry into the port of Hamburg 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.
As of 14 November, all the conditions for the offer by Port of Hamburg Beteiligungsgesellschaft SE, a wholly owned subsidiary of MSC, have been successfully fulfilled and now the next step involves the bidder paying US$17.6 per Class A share to HHLA shareholders.
After the completion of the transaction, MSC will hold a 49.9% stake in the German port and terminal operator Hamburger Hafen und Logistik AG (HHLA).