Today, the Board of Directors and the Board of Directors surveillance of the German terminal operator Hamburger Hafen und Logistik AG (HHLA) published a statement in to which they urge shareholders to accept the takeover offer presented by the Swiss shipping group Mediterranean Shipping Company ( of 24 October 2023). In communication, the executive board and the Supervisory Board specified that the preliminary agreement under which the City of Hamburg will hold a at least 50.1% of the share capital of HHLA and MSC up to 49.9%, commitments concerning, in particular, the release into the funds of the terminal operator by the city administration of Hamburg and MSC, subject to the approval of the Hamburg Parliament, €450 million through a capital increase and the Maintaining the neutrality and independence of the model commercial partnership of HHLA and the intermodal subsidiary Metrans, with all customers who will continue to have equal access to all terminals and HHLA's services across Europe. HHLA will also maintain the decision-making power over investment planning and City of Hamburg and MSC to support investment plans with at least €775 million in the period 2025-2028.

In addition, the Communication specifies that, in relation to the commitments, commitments have been agreed to the HHLA employees who rule out job cuts for operational reasons for at least five years.

The offer acceptance period will expire at midnight on November 20th.