The HHLA and Eurogate terminals face each other. Photo: © Kay Fritsch | Dreamstime.com
Efforts by MSC and the City of Hamburg to take control of HHLA seem to be inching ahead, with the outcome of a vote by shareholders expected soon.
With the municipal authority, the world’s largest container shipping line has been seeking to take full control of the Hamburg terminal and intermodal operator, and last night was the deadline for shareholders to accept the latest offer.
According to reports, the offer of €16.75 per share was enough to buy at least a further 4% of shareholders out but rumours are circulating that the pair have reached their desired 90% threshold.
While it is expected to be a few days before confirmation, with 90% of shares held between them, they would be in a position to…
