26.03.2018
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-Adhoc: Hamburger Hafen und Logistik AG: HHLA Acquires Estonia's Biggest Terminal Operator Transiidikeskuse AS
DGAP-Ad-hoc: Hamburger Hafen und Logistik AG / Key word(s): Takeover
Hamburger Hafen und Logistik AG: HHLA Acquires Estonia's Biggest Terminal
Operator Transiidikeskuse AS
26-March-2018 / 17:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 26 March 2018
Hamburger Hafen und Logistik Aktiengesellschaft
Disclosure of an inside information in acc. to Article 17 of the Market
Abuse Regulation
HHLA Acquires Estonia's Biggest Terminal Operator Transiidikeskuse AS
Hamburger Hafen und Logistik AG (HHLA) concluded a contract today to acquire
100 % of the shares of the Estonian port operator Transiidikeskuse AS in
Muuga. The new subsidiary will be allocated contractually and
organisationally to HHLA International GmbH.
Muuga, which is just a few kilometres from the capital Tallinn, is Estonia's
main port and an important maritime location in the Baltic region. The
company newly acquired by HHLA is the clear market leader in container
handling in the Baltic country and also operates a multipurpose terminal for
break bulk, bulk and RoRo handling. Muuga's geographic position means that
it links the Northern European market with the "New Silk Road". The location
is developing into a multimodal hub as a result of regional infrastructural
projects (such as the Rail Baltica project). With the acquisition of
Transiidikeskuse AS, HHLA is expanding its regional diversification and
confirming its goal of also achieving international growth.
The container terminal currently has a high utilisation of its capacity of
around 300 thousand TEU which can be increased to approximately 800 thousand
TEU. HHLA expects to leverage synergies by further professionalising sales
and operations and integrating the port operator into the HHLA network.
The acquisition price is a middle double-digit million euro amount.
Completion of the transaction is subject to various conditions precedent and
is expected to occur in the second quarter of 2018. HHLA's Supervisory Board
has already approved the acquisition.
Further inquiries
Stefanie Steiner, Head of Investor Relations; Phone +49 (0)40 3088-3397
Hamburger Hafen und Logistik Aktiengesellschaft
Bei St. Annen 1
20457 Hamburg, Germany
Class A shares
ISIN: DE000A0S8488, SIC: A0S848, Indices: SDAX
Listings: Regulated Market in Frankfurt (Prime Standard), Hamburg
Contact:
Stefanie Steiner
Head of Investor Relations
HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de
Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]
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26-March-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-0
Fax: +49 (0)40-3088-3355
E-mail: [email protected]
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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668827 26-March-2018 CET/CEST
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