Annual Report 2022

Events after the balance sheet date

On 21 September 2021, HHLA AG and COSCO SHIPPING Ports Limited (CSPL), a terminal operator and member of the COSCO Shipping Group listed on the Hong Kong stock exchange, signed an agreement regarding CSPL’s non-controlling interest of 35.0 % in HHLA Container Terminal Tollerort (CTT), a 100 % subsidiary of HHLA AG, subject to various approvals relating to competition law and foreign trade law (conditions precedent). By decision of 31 October 2022, the Federal Ministry of Economics and Climate Protection approved the acquisition of this minority shareholding subject to conditions. These conditions include, in particular, that the share of voting rights must be below 25.0 % and that CSPL must not otherwise acquire an effective controlling interest in CTT that goes beyond the influence conferred by a share of voting rights below 25.0 %. A final signature of the contracts to be adjusted accordingly is still pending.

With the share purchase and transfer agreement dated 22 December 2022, HHLA Next GmbH acquired a 51.0 % stake in Survey Compass GmbH, Treben, Germany. 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 and is to be included in HHLA’s group of consolidated companies as of 31 March 2023. For more information, please refer to the Notes to the consolidated financial statements, no. 3 Composition of the Group.

Dr. Roland Lappin stepped down from the Executive Board on 31 January 2023. Tanja Dreilich was appointed as a Member of the Executive Board with effect from 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.

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

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