HHLA acquires majority stake in Trieste terminal

Hamburger Hafen und Logistik AG (HHLA) has acquired a majority stake of 50.01% in the multi-function terminal Piattaforma Logistica Trieste (PLT) at the Italian Port of Trieste.

Angela Titzrath, chairwoman of HHLA’s executive board, commented: “The Adriatic region has been developing very dynamically in the past few years. As the northernmost port in the Mediterranean, Trieste is the southern gateway to Central and Eastern Europe.

“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.”

Francesco Parisi, chairman of PLT’s executive board, added: “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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