Port of Hamburg Beteiligungsgesellschaft SE sets cash compensation for HHLA minority shareholders at €21.16

Port of Hamburg Beteiligungsgesellschaft SE (PoH) has set the cash settlement for the class A shares of the minority shareholders of Hamburger Hafen und Logistik AG (HHLA) (ISIN: DE000A0S8488) to be transferred as part of the squeeze-out under stock corporation law at € 21.16. PoH, whose shares are held by the Free and Hanseatic City of Hamburg and the MSC Group, holds more than 95 percent of HHLA’s shares and is thus the majority shareholder within the meaning of Section 327a of the German Stock Corporation Act (AktG).

On 5 January 2026, PoH had notified the HHLA Executive Board that it intended to transfer the HHLA class A shares held by minority shareholders to PoH in exchange for an appropriate cash compensation. The amount of the cash compensation was determined based on statutory provisions and current case law, which takes into account the average price of the class A share over the three months preceding the announcement of the squeeze-out. In addition, an independent business valuation was conducted. The adequacy of the cash compensation was reviewed by a court-appointed auditor.

The squeeze-out under stock corporation law becomes effective upon approval by the Annual General Meeting and entry in the Commercial Register. The Annual General Meeting will take place on 11 June 2026. The notice of the meeting will be announced separately.