Container

MSC gets approval to begin Hamburg acquisition

The container carrier can now begin the process of buying into the port company HHLA, a process that MSC expects to be completed in the second quarter of 2024.
MSC's CEO, Søren Toft (left), and Hamburg's mayor, Peter Tschentscher, when the deal on MSC's entry into HHLA was announced on Sept. 13. | Photo: Christian Charisius/AP/Ritzau Scanpix
MSC's CEO, Søren Toft (left), and Hamburg's mayor, Peter Tschentscher, when the deal on MSC's entry into HHLA was announced on Sept. 13. | Photo: Christian Charisius/AP/Ritzau Scanpix
by JENS THOMSEN

Major container carrier Mediterranean Shipping Company, MSC, has received permission from the German authorities to start buying up shares in Hamburg’s largest port operator, Hamburger Hafen und Logistik (HHLA), according to several media, including the German Handelsblatt.

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