Hamburg HHLA buys control of Adriatic Trieste terminal
HAMBURG's big terminal operator, Hamburger Hafen und Logistik AG (HHLA) is taking a 50
04 October 2020 - 19:00
The investment will be allocated contractually and organisationally to HHLA International GmbH. With this investment, HHLA is positioning itself in a growing market on the Adriatic whose strategic position offers opportunities for development.
This will be HHLA's third participation in a port outside Hamburg after Odessa (Ukraine) and Tallinn (Estonia).
'The Adriatic region has been developing very dynamically in the past few years,' said HHLA chairwoman Angela Titzrath.
'As the northernmost port in the Mediterranean, Trieste is the southern gateway to Central and Eastern Europe. The investment is a strategic expansion to our existing port and intermodal network,' she said.
Ms Titzrath said the terminal gives HHLA the opportunity to actively participate in and help shape new and changing cargo flows and underline our ambitions to grow internationally. At the same time, we will continue to enhance our terminals in Hamburg by investing in facilities and technology. We are a Hamburg company, at home in Europe and operating globally.'
Said Trieste's PLT chairman Francesco Parisi: 'HHLA's participation strengthens the growth prospects of PLT and of the entire Port of Trieste. Our development strategy in the direction of Central and Eastern Europe fits in with HHLA's orientation. The position of the new partners confirms us in the development of the terminal expansion we are pushing ahead with.'
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