MSC gets green light as major shareholder in HHLA
NewsHamburg’s city parliament approved MSC’s entry as a major shareholder in HHLA, despite opposition, with final approval pending from the European Commission.
HHLA’s long-mooted deal to acquire shares in St Petersburg stevedoring group Petrolesport is likely to be finalised next month. Petrolesport chairman Aleksandr Kolosnitsyn said that Orimi group, which controls 83 per cent of Petrolesport, will issue new shares which will give HHLA a holding of 25 percent plus one share.
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