Swiss-based MSC, via one of its subsidiaries, has received all regulatory approvals for a voluntary public takeover offer of German port operator Hamburger Hafen und Logistics AG (HHLA).
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, where HHLA operates a terminal in the Black Sea harbour of Odessa.
According to HHLA, MSC will, in accordance with the offer document, pay the offer price of €16.75 (US$18) per class A share to the HHLA shareholders who had tendered their shares in the public takeover offer.
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