Port of Hamburg Beteiligungsgesellschaft SE (PoH) has informed the Executive Board of Hamburger Hafen und Logistik AG (HHLA) of its intention to initiate a squeeze-out of HHLA’s minority shareholders.
Under the transaction, the remaining A shares will be transferred to PoH in return for cash compensation deemed appropriate.
PoH — jointly owned by the Free and Hanseatic City of Hamburg and the MSC Group — already controls more than 95 per cent of HHLA’s share capital and therefore qualifies as the principal shareholder pursuant to Section 327a of the German Stock Corporation Act (AktG).
READ: Port of Hamburg sees strong growth in Q3 2025
The cash compensation will be determined by PoH based on a formal company valuation and will be subject to review by a court-appointed auditor.
The squeeze-out will become legally effective following approval by HHLA’s general meeting and subsequent registration in the commercial register.
In November 2025, HHLA exempted electric trucks from slot restrictions at Hamburg’s container terminals, a move intended to support more climate-friendly supply chains.
For more information:
Hamburger Hafen und Logistik AG (HHLA) – https://hhla.de/en/
