All conditions for MSC's voluntary public takeover bid to enter the Port of Hamburg have been met. Following the European Commission's merger control approval in early October, the final outstanding condition was fulfilled with merger control clearance in Ukraine. As of November 14th, all conditions for the offer by Port of Hamburg Beteiligungsgesellschaft SE, a wholly owned subsidiary of MSC, have been successfully satisfied. The next step involves MSC's subsidiary paying US$17.6 per Class A share to HHLA shareholders. Upon completion of the transaction, MSC will acquire a 49.9% stake in the German port and terminal operator, Hamburger Hafen und Logistik AG (HHLA).