Following the completion of the investment screening process, Hamburger Hafen und Logistik AG (HHLA) and COSCO Shipping Ports Limited (CSPL) have signed the agreement for CSPL's minority shareholding in Container Terminal Tollerort (CTT).
This agreement provides CSPL with an interest of 24.99 percent in HHLA’s Container Terminal Tollerort in Hamburg. CTT will now be developed into a preferred handling location for HHLA’s long-term customer COSCO, where freight flows between Asia and Europe are to be concentrated. The collaboration between the partners thus strengthens the Free and Hanseatic City of Hamburg’s position as a logistics hub in the North Sea and Baltic region as well as Germany’s position as an industrial nation.
Source:
HHLA
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