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Hamburg's CDU remains critical of the city's HHLA/MSC deal

Hamburg's CDU has reiterated its criticism of the cooperation between the city and the shipping company MSC in the port logistics company HHLA. "The red-green port deal is still completely non-transparent," said Götze Wiese, economic policy spokesman for the largest opposition faction in the...

View of the HHLA logo at the Tollerort container terminal in the Port of Hamburg. Photo.aussiedlerbote.de
View of the HHLA logo at the Tollerort container terminal in the Port of Hamburg. Photo.aussiedlerbote.de

Takeover - Hamburg's CDU remains critical of the city's HHLA/MSC deal

Hamburg's CDU has reiterated its criticism of the cooperation between the city and the shipping company MSC in the port logistics company HHLA. "The red-green port deal is still completely non-transparent," said Götze Wiese, economic policy spokesman for the largest opposition faction in the parliament, on Tuesday. "The crucial question remains: is the deal good for the city? The answer is still: no."

All major reservations remain, said Wiese. These include the question of why the city is selling its strategic HHLA stake "at such an absurdly low value" and why there was no invitation to tender. "How could an issue that is so important for Hamburg become a secret commando matter in the back room?" criticized Wiese. "Why is MSC not simply being offered a stake in the terminal, as was done with Hapag-Lloyd, for example?"

The city of Hamburg and the world's largest shipping company want to run HHLA as a joint venture in which the city holds a majority of 50.1 percent. Following the expiry of an MSC takeover bid to HHLA shareholders, both partners hold around 92.3 percent of the Hamburg-based company.

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Source: www.stern.de

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