COBALT advises Hamburger Hafen und Logistik AG (HHLA) on acquiring Estonia’s biggest terminal operator Transiidikeskuse AS, which will become a subsidiary of HHLA International GmbH, making HHLA the market leader in container handling at the Port of Muuga, the main port in Estonia and an important maritime location in the Baltic region.
HHLA is a Germany-based leading European port and transport logistics company. Its container hubs are the points of intersection within a network that links ports with economic regions in their hinterland. The firm operates three container terminals at the Port of Hamburg in Germany and one in Odessa, Ukraine.
Transiidikeskuse AS, established in 1996, is Estonia’s biggest terminal operator that offers complete stevedoring services. The main activity of the stevedoring service of Transiidikeskuse AS is concentrated on the container and general goods terminals operating in the free zone of the Port of Muuga.
Our work comprises advising the client throughout the entire transaction. The team advising HHLA is led by partner Martin Simovart, senior associate Heleri Tammiste and associate Greete-Kristiine Kuru.
More information about the acquisition can be found here.