HHLA and CSPL close to finalising the agreement for an investment in CTT

06 Jan 2023 11:08 Economy

Referring to the publication of a mandatory announcement by COSCO SHIPPING Ports Ltd (CSPL) on the Hong Kong Stock Exchange on 6 January 2023, a HHLA spokesperson states: We can confirm that in objective, constructive talks between Hamburger Hafen und Logistik AG (HHLA), CSPL and the Federal Ministry for Economic Affairs and Climate Action, it has been possible to agree on concrete conditions for CSPL's participation in HHLA Container Terminal Tollerort GmbH. HHLA and CSPL are currently in talks to clarify the final details and are aiming to finalise the transaction soon. HHLA is pleased to continue the cooperation with its long-standing business partner COSCO on a new level.

Since October 2022, HHLA and CSPL have agreed under certain conditions to discuss a shareholding of less than 25 percent in HHLA Container Terminal Tollerort GmbH with the German government. The parties have agreed not to disclose the contents of the agreement.

You can also find the important facts about the shareholding here.

Handling of a COSCO container ship at Container Terminal Tollerort.

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