Acquisitions, disposals and other changes to the consolidated Group
With the share purchase and transfer agreement dated 22 December 2022, HHLA Next GmbH, Hamburg, Germany, 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) was tied to various conditions and took place on 17 January 2023. The first-time consolidation of the company took place on the acquisition date. The company was incorporated into HHLA’s group of consolidated companies as of 31 March 2023.
With a share purchase and transfer agreement dated 2 March 2023, the subsidiary Metrans a.s., Prague, Czech Republic, acquired a 51.0 % stake in Adria Rail d.o.o., Rijeka, Croatia. This company has two subsidiaries (Adria Rail operator d.o.o., Rijeka, Croatia, and DRUŠTVO ZA INTERMODALNI PREVOZ I USLUGE ADRIA RAIL DOO INDIJA, Indija, Serbia; in each case with a shareholding of 100 %). The purpose of the company is to provide forwarding and transport services with daily rail operations between the port of Rijeka and Serbia. The closing of the transaction (corresponding to the acquisition date) took place on 2 March 2023. The first-time consolidation of the company took place on the acquisition date. The company was incorporated into HHLA’s group of consolidated companies as of 31 March 2023.
Due to the development of business of the company DRUŠTVO ZA INTERMODALNI PREVOZ I USLUGE ADRIA RAIL DOO INDIJA, Indija, Serbia, in the fourth quarter of 2023, this company was incorporated into HHLA’s group of consolidated companies as of 31 December 2023.
As of 31 March 2023, METRANS Rail sp. z.o.o., Gadki, Poland, which was newly established in the 2022 financial year, was incorporated into HHLA’s group of consolidated companies for the first time.
The company HHLA Container Terminal Altenwerder GmbH, Hamburg (CTA), in which HHLA AG holds 74.9 % of the shares, transferred all its shares in SCA Service Center Altenwerder GmbH, Hamburg, Germany, (SCA), to HHLA AG effective 1 January 2023. The stake held in SCA thus increased from 74.9 % (indirectly) to 100 % (directly).
The disposal date of the share disposal agreement for a non-controlling interest of 24.99 % in HHLA Container Terminal Tollerort GmbH, Hamburg (CTT) concluded on 19 June 2023 between HHLA AG and Grand Dragon Investment Enterprise Limited, Hong Kong, China, a subsidiary of COSCO SHIPPING Ports Limited, Hong Kong, China (CSP), is 20 June 2023. This change in the HHLA Group’s shareholding in a subsidiary is recognised directly in equity as an equity transaction as it does not lead to a loss of control. The costs of this equity transaction are also to be recognised directly in equity as a deduction from the capital reserve.
With the share purchase and transfer agreement dated 31 July 2023, HHLA PLT Italy S.r.l., Trieste, Italy (PLT), acquired a 100.0 % stake in Logistica Giuliana S.r.l., Trieste, Italy. The purpose of the company is business operations as a port enterprise, which mainly comprises the land and seaborne handling and storage of goods as well as the provision of other related port logistics services. The closing of the transaction (corresponding to the acquisition date) was tied to various conditions and took place on 14 December 2023. With this transaction, the interest held by HHLA International GmbH, Hamburg (HIG), in PLT increased from 50.01 % to 75.00 %. The first-time consolidation of the company took place on the acquisition date. The company was incorporated into HHLA’s group of consolidated companies as of 31 December 2023.
There were no other significant acquisitions, changes in shareholdings in subsidiaries or changes to the consolidated group in the 2023 financial year. For details of company acquisitions after the balance sheet date, please refer to Events after the balance sheet date.