Shipping company MSC wants to board at the port

Hapag-Lloyd container ship in Hamburg

Major shareholder Klaus-Michael Kühne is calling for a counteroffer for HHLA.

(Photo: dpa)

Berlin, Frankfurt, Düsseldorf The planned partial sale of the Hamburg port operator HHLA to the Swiss shipping company MSC is causing trouble in the Hanseatic city. “This solution is an affront, especially to Hapag-Lloyd as the largest user and therefore the largest shipping company customer of the Port of Hamburg,” criticized Swiss billionaire Klaus-Michael Kühne on Wednesday.

The 86-year-old is a major shareholder with 30 percent of the Hamburg container shipping company Hapag-Lloyd and had recently expressed his own interest in acquiring HHLA in several newspaper interviews.

“I can only strongly advise Hapag-Lloyd to immediately submit a takeover offer for 49.9 percent of the HHLA shares,” explained Kühne after the MSC offer was published. “If Hapag-Lloyd wouldn’t do it, my Kühne Holding AG is considering doing it in the short term.”

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