4. Acquisitions, disposals, changes to shares in subsidiaries and other changes to the consolidated Group

As of 31 March 2026, the company METRANS ADRIA RAIL d.o.o. (formerly: Adria Rail operator d.o.o.), Rijeka, Croatia, acquired in the 2023 financial year and assigned to the Intermodal segment, was included as a fully consolidated subsidiary in the HHLA group of consolidated companies.

With the share purchase and transfer agreement dated 15 June 2026, METRANS a.s. of Prague, Czech Republic, acquired 50.0 % of the shares in Afluent Arad South Terminal SRL based in Arad, Romania. The primary purpose of the company is the provision of logistical and administrative services in the transport sector. It was included in the HHLA group of consolidated companies as of 30 June 2026 as a joint venture consolidated using the equity method and is assigned to the Intermodal segment.

There were no other significant business combinations, company disposals, changes to shares in subsidiaries or other changes to the consolidated group.