Annual Report 2022

52. Events after the balance sheet date

On 21 September 2021, HHLA AG and COSCO SHIPPING Ports Limited (CSPL), a terminal operator listed in Hong Kong and a member of the COSCO Shipping Group, signed an agreement subject to various approvals relating to competition law and foreign trade law (conditions precedent). The agreement concerns a non-controlling interest of CSPL amounting to 35.0 % of HHLA Container Terminal Tollerort GmbH (CTT), a wholly owned subsidiary of HHLA AG. On 31 October 2022, the German Federal Ministry for Economic Affairs and Climate Action approved the acquisition of this non-controlling interest under certain conditions. In particular, these conditions include limiting voting rights to under 25.0 % and ensuring CSPL does not acquire effective participation in the control of CTT in any other way that would exceed the influence gained by holding a share of voting rights below 25.0 %. The agreements, which require corresponding adjustments, are yet to be signed.

With the share purchase and transfer agreement dated 22 December 2022, HHLA Next GmbH acquired a 51.0 % stake in Survey Compass GmbH of Treben. The object of the company is the provision of online content, the transfer of software and hardware and consultancy in the logistics and transport industry (focusing on railways, ships, aircraft and trucks) as well as associated industries. The closing of the transaction (corresponding to the acquisition date) is tied to various conditions and took place on 17 January 2023, after the balance sheet date. The company will be assigned to the Logistics segment. The company will be incorporated into HHLA’s group of consolidated companies as of 31 March 2023. For further information, please refer to Note 3.

Dr. Roland Lappin stepped down from the Executive Board on 31 January 2023. Tanja Dreilich was appointed as a Member of the Executive Board effective 1 January 2023. She took over the role of Chief Financial Officer from Dr. Roland Lappin as of 1 February 2023.

There were no other events of special significance after the balance sheet date of 31 December 2022.

Hamburg, 6 March 2023

Hamburger Hafen und Logistik Aktiengesellschaft
The Executive Board

Angela Titzrath – Chairwoman of the Executive Board (signature)

Angela Titzrath

Tanja Dreilich (signature)

Tanja Dreilich

Jens Hansen (signature)

Jens Hansen

Torben Seebold (signature)

Torben Seebold

In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.

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