The container shipping company MSC wants to join the Hamburg port logistics company HHLA. The Geneva-based group has submitted an offer, HHLA said. Accordingly, the slight majority of the company should remain owned by Hamburg.

“In close communication with the HHLA Supervisory Board, the Executive Board will examine and evaluate the announced offer in the best interests of the company and while safeguarding the interests of all stakeholders,” HHLA said in a statement.

Hamburg’s mayor Peter Tschentscher (SPD) spoke at a press conference in the town hall about a groundbreaking transaction that would lead to a strategic partnership between the city and one of the world’s leading shipping companies. This could give the entire maritime economy the boost it needs in difficult times.

Criticism from a billionaire

MSC boss Soren Toft said that with this very important and strategic cooperation, Hamburg will become a hub in the future. MSC wants to set up its German headquarters in Hafencity.

Recently, billionaire Klaus-Michael Kühne sharply criticized the management of HHLA and signaled his willingness to take a larger stake in the port company. The Senate reacted coolly to this.