Majority Shareholder Proposes Dividend Reduction for HHLA

On June 18, 2025, Port of Hamburg Beteiligungsgesellschaft SE, which owns approximately 90.4% of Hamburger Hafen und Logistik AG (HHLA), submitted a counterproposal for a dividend reduction at the upcoming Annual General Meeting on July 3, 2025. The proposal suggests distributing a dividend of €0.10 per class A share, down from the €0.16 initially proposed by HHLA's Executive and Supervisory Boards.

The rationale behind this countermotion is to bolster the company's equity and enhance liquidity, thereby improving HHLA's capacity to finance future investments. Despite a forthcoming discussion by HHLA's boards, the significant shareholding of Port of Hamburg Beteiligungsgesellschaft SE suggests that the proposal is likely to pass, resulting in a reduced dividend payout.