HHLA Q1 2024 profit declines
NewsHHLA’s Q1 2024 revenue and earnings declined due to global crises and the Red Sea conflict, with revenue down 0.3% and EBIT down 23.9%, resulting in a net loss of EUR 1.1 million.
HHLA – odds on an IPO
The Hamburg City Senate has cut its shortlist of prospective partners in HHLA to two, Macquarie Bank and construction giant Hochtief. Dubai Ports World was reportedly the highest bidder for HHLA, with an offer of €1.6B (US$2.1B) for the 49.9% share packet that the city put up for sale under its planned partial privatisation plan for the port operating company. However, the Senate rejected it for “strategic reasons.”
Do you want to read the full article?
Register to continue reading
By registering you will have:
- Access to all Premium content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine