HHLA Approves Transfer of Class A Shares to Majority Shareholder

On June 11, 2026, Hamburger Hafen und Logistik AG (HHLA) held its Annual General Meeting, approving the transfer of minority shareholders' Class A shares to its majority shareholder, Port of Hamburg Beteiligungsgesellschaft SE. The cash compensation set is €21.16 per share. This corporate squeeze-out will be official once registered in the commercial register. The resolution's details will be published in the German Federal Gazette and on HHLA's website.

HHLA's CEO, Jeroen Eijsink, addressed the company's 2025 performance. Despite economic challenges and geopolitical uncertainties, HHLA reported a 9.9% increase in revenue to €1,756.2 million, with EBIT rising by 19.5% to €160.5 million. The Group's profit after tax reached €9.8 million, partly due to significant tax effects. The AGM supported the decision to forgo dividends for both Class A and Class S shares, prioritizing future investments in modernization to enhance growth, efficiency, and competitiveness.