MSC intends to acquire a significant stake in logistics operator HHLA
The world’s largest operator of liner containers, the Swiss group MSC, has announced its intention to buy the shares of the German logistics operator HHLA, which are in free circulation. This is reported by the Alphaliner.
It said MSC wants to buy HHLA’s 72,5 million listed shares, 69% of which are owned by the Hamburg city government.
According to analysts, MSC’s offer covers all of HHLA, including its rail logistics branch, terminals in Hamburg, as well as all container terminal assets outside Germany – in Tallinn, Odesa and Trieste.
“The deal could mark a turning point for the Port of Hamburg, where traffic volumes have stagnated for more than a decade and where federal support for the maritime and industrial sectors has been sluggish at best in recent years”, Alphaliner commented.
