EQS-News: Hamburger Hafen und Logistik AG: HHLA and CSPL finalise minority shareholding in CTT

Hamburg,19 June 2023

_{Hamburger Hafen und Logistik AG}

HHLA and CSPL finalise minority shareholding in CTT

Following the completion of the investment screening process, Hamburger Hafen und Logistik AG (HHLA) and COSCO Shipping Ports Limited (CSPL) have signed the agreement for CSPLs minority shareholding in Container Terminal Tollerort (CTT) today.

This agreement provides CSPL with an interest of 24.99 percent in HHLAs Container Terminal Tollerort in Hamburg. CTT will now be developed into a preferred handling location for HHLAs long-term customer COSCO, where freight flows between Asia and Europe are to be concentrated. The collaboration between the partners thus strengthens the Free and Hanseatic City of Hamburgs position as a logistics hub in the North Sea and Baltic region as well as Germanys position as an industrial nation.

You can find all key facts on the investment on our website.