Hamburger Hafen und Logistik AG (HHLA) shareholders have approved the transfer of all class A shares held by minority investors to majority shareholder Port of Hamburg Beteiligungsgesellschaft SE (PoH).
The resolution was passed at HHLA’s Annual General Meeting and clears the way for a corporate squeeze-out.
Minority shareholders will receive cash compensation of €21.16 per class A share.
The transfer will become effective once the resolution is entered into the commercial register.
HHLA also reported positive financial results for 2025 despite ongoing economic and geopolitical challenges.
Group revenue increased 9.9% year-on-year to €1.76 billion.
Group EBIT rose 19.5% to €160.5 million.
However, Group profit after tax and minority interests totaled €9.8 million due to significant one-off tax effects.
As a result, shareholders approved a proposal not to distribute a dividend for the 2025 financial year.
The decision applies to both listed class A shares and non-listed class S shares.
HHLA CEO Jeroen Eijsink said the company delivered growth despite challenging market conditions.
He added that retaining financial resources will support future investments in terminal modernization, improve operational efficiency and strengthen the company’s long-term competitiveness.
HHLA said it will publish the official registration of the transfer resolution in the German Federal Gazette and on its website once the process is completed.
