MSC and the City of Hamburg have secured a 92.3% takeover of Hamburger Hafen und Logistik AG (HHLA) after the secondary acceptance period for shareholders expired at midnight on December 7.
Over 7m Class A shares will be transferred with a final acceptance rate of 9.74% of the share capital and the Swiss company has also purchased an additional 12.21% of HHLA shares that were on the open stock market.
HHLA will be managed as a joint venture following the completion of the transaction, with the City of Hamburg holding a majority stake of 50.1%.
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