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Hamburg-based port logistics company HHLA is facing major changes. The city and the world's largest container shipping company, MSC, announce a strategic partnership. MSC will make a takeover offer at a price of EUR 16.75 per share for all currently freely traded shares. From 2031 onwards, there should be at least one million standard containers (TEU) per year. In addition, the Geneva-based group will relocate its German headquarters to Hamburg. The City of Hamburg currently holds around 69 percent of the listed H HLA.
Vietnamese Ambassador to Germany Vu Quang Minh and Dr. Peter Tschentscher, the First Mayor of the City of Hamburg have compared notes on the situation and prospects for cooperation between Vietnam and Germany as well as between Vietnamese localities and Hamburg.