Port of Hamburg Beteiligungsgesellschaft SE

23.11.2023 - 13:30:03

Over 86% of HHLA’s share capital attributed to City of Hamburg and MSC following expiry of initial acceptance period of the takeover offer to HHLA shareholders

Port of Hamburg Beteiligungsgesellschaft SE / Key word(s): Offer

23.11.2023 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

– further acceptance period runs until December 7 Hamburg, Germany, November 23, 2023. Port of Hamburg Beteiligungsgesellschaft SE, a wholly owned indirect subsidiary of MSC Mediterranean Shipping Company S.A. (“MSC”), today announced the result of its voluntary public takeover offer for Hamburger Hafen und Logistik Aktiengesellschaft (“HHLA”, ISIN: DE000A0S8488) at the end of the initial acceptance period. At the expiry of the acceptance period at 12.00 am CET in Frankfurt and 06.00 pm EST in New York on November 20, 2023, the takeover offer had been accepted by shareholders holding 4,426,235 HHLA Class A shares. Including the Class A shares purchased by MSC via the stock exchange, this corresponds to approximately 16% of all Class A shares. Together with the Class A and Class S shares held by the City of Hamburg, approximately 86.23% of HHLA's share capital is now attributable to the joint venture partners. “The end of the initial acceptance period marks an intermediate step in our takeover offer to HHLA shareholders. We are very pleased that the joint venture partners City of Hamburg and MSC together have already secured more than 86% of HHLA's share capital. The HHLA shareholders continue to have the opportunity to accept the offer during the additional acceptance period that is now starting. We have made very good progress in recent weeks in realizing our joint growth plans with HHLA and the City,” said Nils Kahn, Managing Director of MSC Germany. HHLA Class A shareholders continue to have the opportunity to accept the offer within the additional acceptance period, which will start on November 24, 2023, and expire at 12.00 am CET in Frankfurt and 06.00 pm EST in New York on December 7, 2023. Holders of HHLA Class A shares that want to tender their shares must do so in accordance with the procedures described in the offer document. Shareholders should inquire with their custodian banks about any questions regarding the acceptance of the offer and be aware of any deadlines set by their banks that may require action prior to the aforementioned date. The offer is not subject to a minimum acceptance threshold. Closing of the transaction is subject to certain regulatory approvals that are set out in the offer document as well as the approval by the Parliament of the Free and Hanseatic City of Hamburg. Subject to the fulfilment of these conditions, closing of the transaction is currently expected to take place in Q2 2024. The full offer document, a non-binding English translation and supplementary information are available on the transaction website: www.poh-offer.de.
About Mediterranean Shipping Company MSC Mediterranean Shipping Company (MSC) is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries worldwide. The company has evolved from a one vessel operation into a globally respected business with a fleet of 760 vessels that provides timely delivery of goods and services to customers of all industries and sizes. MSC’s activities now include overland transportation, logistics and a growing portfolio of port terminal investments. MSC’s shipping line sails on 300 trade routes and calls at 520 ports, carrying some 22.5 million TEU (twenty-foot equivalent units) annually. The MSC Group, including its passenger businesses, employs over 180,000 people worldwide.

For more information visit www.msc.com Media contacts: International Media Inquiries:
Global Head of Public Relations
Giles Read
media@msc.com
+41 22 595 06 15 German Media Inquiries:
Christoph Behm
christoph.behm@msc.com
+49 40 30295 1139

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