On 27 June 2018, Hamburger Hafen und Logistik AG (HHLA) finally assumed full responsibility for Estonia’s largest terminal operator, Transiidikeskuse AS.
The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled, resulting in all shares in Transiidikeskuse being transferred to HHLA International GmbH, the company announced. As a result, the transaction has now been completed.
“We see great potential in the Port of Muuga, as well as in the entire regional market, and we are determined to make the most of it with the help of TK’s highly motivated workforce. The takeover of TK is a first successful step in the implementation of our strategy. Hamburg and Tallinn share a long history as Hanseatic cities. We wish to revive this spirit, not least to generate growth in our core market”, Angela Titzrath, Chairwoman of HHLA’s Executive Board, commented.