Port of Hamburg to Squeeze Out HHLA Minority Shareholders

On January 5, 2026, Port of Hamburg Beteiligungsgesellschaft SE (PoH) declared its intention to buy out the minority shareholders of Hamburger Hafen und Logistik AG (HHLA) in exchange for cash compensation. PoH, the primary shareholder with over 95% of HHLA shares, aims to consolidate ownership by implementing a squeeze-out under the German Stock Corporation Act.

The cash compensation is to be determined based on a company valuation carried out by PoH. A court-appointed auditor will review the fairness of this compensation. The squeeze-out will be effective after approval at the general meeting and registration in the commercial register.

HHLA's Class A shares are listed on the regulated market in Frankfurt and Hamburg, with ISIN DE000A0S8488. The primary stakeholders of PoH include the Free and Hanseatic City of Hamburg and the MSC Group.