MSC Gains Approval for Stake in Hamburg's HHLA

The deal, which has faced significant opposition, marks a major shift in ownership for the Hamburg port operator.

• The Ukrainian competition authority has given the final approval needed for MSC to acquire a 49.9% stake in HHLA.
• The transaction will reduce Hamburg's ownership from 70% to 50.1%, maintaining majority control.
• MSC plans to nearly double its container throughput at HHLA terminals by 2031, aiming for one million TEU annually.
• Opposition from labor unions and experts highlights concerns over potential job losses and MSC's influence.
• The deal includes a commitment to increase HHLA's equity by €450 million and establish a new MSC headquarters in Hamburg.

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