Hamburger Hafen und Logistik AG (HHLA) informs that Port of Hamburg Beteiligungsgesellschaft SE today published its decision to submit a voluntary public Takeover Offer pursuant to Sec. 10 para. 1 and para. 3 in conjunction with Sec. 29 para. 1, 34 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz – “WpÜG”).
Port of Hamburg Beteiligungsgesellschaft SE, a wholly-owned indirect subsidiary of MSC Mediterranean Shipping Company S.A., Switzerland, on 13 September 2023 published its decision decided to submit a voluntary public takeover offer in the form of a cash offer to the shareholders of Hamburger Hafen und Logistik Aktiengesellschaft, to acquire all registered no-par value shares of class A stock in the Company, each share representing a proportional amount of EUR 1.00 of the share capital of the Company against payment of a cash consideration in the amount of EUR 16,75 per A-Share.
The Takeover Offer will be made in accordance with the terms and conditions set forth in the offer document. Subject to further coordination with the German Federal Financial Supervisory Authority, the Takeover Offer will be subject in particular to the granting of the necessary competition law and other regulatory approvals as well as approval by the federal state parliament of Hamburg.
The Bidder further informed that in connection with the Takeover Offer, MSC and the Free and Hanseatic City of Hamburg (“FHH”) have today entered into a binding agreement setting forth the basic parameters and terms of the Takeover Offer and the parties’ mutual intentions and understandings with respect to the Company.
In close consultation with the Supervisory Board of HHLA, the Executive Board will review and evaluate the announced Takeover Offer in the best interests of the company while safeguarding the interests of all stakeholders. HHLA will inform the capital market and the public accordingly in accordance with applicable law.
For more information: hhla.de