{"id":73519,"date":"2023-09-14T00:00:00","date_gmt":"2023-09-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/14\/msc-launches-eur-1-3-bid-for-hamburg-port-operator\/"},"modified":"2023-09-14T00:00:00","modified_gmt":"2023-09-14T00:00:00","slug":"msc-launches-eur-1-3-bid-for-hamburg-port-operator","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/09\/14\/msc-launches-eur-1-3-bid-for-hamburg-port-operator\/","title":{"rendered":"MSC launches EUR 1.3 bid for Hamburg port operator"},"content":{"rendered":"

MSC to possibly acquire almost half of Hamburg port: <\/strong> Container shipping firm MSC<\/a> has offered to buy almost half of the shares in Hamburg port\u2019s main operator HHLA<\/a> in a transaction that could be worth nearly EUR 1.3 bn, Reuters<\/a> reports. The transaction between MSC and the city of Hamburg will see MSC making a cash offer of EUR 16.7 (USD 17.9) per share to acquire all listed class A stock in HHLA. If the offer is taken up, MSC would acquire a 49.9% stake in HHLA at a cost of EUR 1.26 bn, according to Reuters\u2019 calculations. If MSC acquires the shares, the city of Hamburg, which currently owns 69% of HHLA\u2019s A shares, will still retain its control over the port with a 50.1% stake.<\/p>\n

Bidding war? <\/strong> Hapag-Lloyd is also reportedly said to have its eyes on the 49.9% HHLA stake, but has not yet commented on a potential bid, the outlet adds. If Hapag-Lloyd were to join the bidding fray, it would \u201ccertainly be an uphill battle,\u201d analyst Marc Zeck told Reuters. <\/p>\n

Market reax: <\/strong> HHLA\u2019s shares soared by 49%, a 19-month high, after German logistics bn\u2019aire Klaus-Michael Kuehne said that he was considering a counter offer, Reuters reports. <\/p>\n","protected":false},"excerpt":{"rendered":"

MSC to possibly acquire almost half of Hamburg port: Container shipping firm MSC has offered to buy almost half of the shares in Hamburg port\u2019s main operator HHLA in a transaction that could be worth nearly EUR 1.3 bn, Reuters reports. The transaction between MSC and the city of Hamburg will see MSC making a […]<\/p>\n","protected":false},"author":1,"featured_media":73520,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,17,137,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterprise-logistics","tag-ma-watch","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"a60c2b94-e83c-4df1-b64f-d234a3841883","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/931.jpg","photo_position":"above","homepage_title":"","full_issue_title":"MSC launches EUR 1.3 bid for Hamburg port operator","related_issue":[73499],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.d86bc01d-8b0b-4169-a950-015e5a1915b2.mp3"},"yoast_head":"\nMSC launches EUR 1.3 bid for Hamburg port operator - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/09\/14\/msc-launches-eur-1-3-bid-for-hamburg-port-operator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MSC launches EUR 1.3 bid for Hamburg port operator\" \/>\n<meta property=\"og:description\" content=\"MSC to possibly acquire almost half of Hamburg port: Container shipping firm MSC has offered to buy almost half of the shares in Hamburg port\u2019s main operator HHLA in a transaction that could be worth nearly EUR 1.3 bn, Reuters reports. 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