A new episode of friend-shoring emerged on Wednesday, with majority state-owned German port operator Hamburger Hafen und Logistik AG (HHLA) unveiling a takeover offer by expanding logistics giant MSC Mediterranean Shipping Company.
If successful, the bid will see MSC ultimately own just shy of 50% of the diversified German company — in close cooperation with the federal city-state of Hamburg, which will still control it.
