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Macquarie, Hochtief last standing in HHLA stake bid

Macquarie, Hochtief last standing in HHLA stake bid

Hochtief AG and Macquarie Bank are the last two remaining bidders for the 49 percent stake in Port of Hamburg terminal operator Hamburger Hafen und Logistik AG (HHLA), the Financial Times Deutschland reported.

   The newspaper said that the city of Hamburg senate dismissed bids by Deutsche Bahn and Dubai Ports World due to “strategic issues” and that an Initial Public Offering remains an alternative option.