Hamburger Hafen und Logistik AG (HHLA) has voted to transfer all minority class A shares to majority shareholder Port of Hamburg Beteiligungsgesellschaft SE (PoH) at its Annual General Meeting, completing a corporate squeeze-out at a cash compensation of €21.16 ($24.49) per share.
The resolution was passed by a majority of votes cast and will take effect upon entry into the commercial register.
HHLA has committed to publishing the entry in the German Federal Gazette and on its website immediately upon registration.
The squeeze-out consolidates PoH’s control over the Hamburg terminal operator as it prepares for a significant capital expenditure cycle focused on facility modernisation.
Alongside the ownership resolution, HHLA Chief Executive Officer Jeroen Eijsink reported on the company’s 2025 financial performance.
READ: HHLA reports mixed Q1 as Hamburg throughput slides
Group revenue rose 9.9 per cent year on year to €1.76 billion ($2.03 billion), while the Group operating result (EBIT) climbed 19.5 per cent to €160.5 million ($185.7 million).
Group profit after tax and minority interests came in at €9.8 million ($11.3 million), held back by substantial one-off tax effects.
The Annual General Meeting approved no dividend for 2025, covering both listed class A shares and the class S shares held entirely by the Free and Hanseatic City of Hamburg, citing one-off tax effects and upcoming capital commitments.
Eijsink said: “HHLA achieved positive growth in a challenging market environment in the 2025 financial year. At the same time, one-off tax effects weighed significantly on the annual result.
“In view of the upcoming capital expenditure on modernising our facilities, it therefore makes sense to retain the financial resources within the company. This forms the foundation for us to make targeted use of growth opportunities, further improve our efficiency and reliability and strengthen the competitiveness of HHLA in the long term.”
For more information:
HHLA – https://hhla.de/en/
