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    13,714.340
    -40.170
    -0.3%
  • OTRI.USA
    21.930
    0.010
    0%
  • OTVI.USA
    13,686.380
    -35.040
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American Shipper

Report: Macquarie, DP World among others bidding for HHLA

Report: Macquarie, DP World among others bidding for HHLA

Australia's Macquarie Bank and Dubai Ports World, at the forefront of the recent surge in container terminals investments, are among more than a dozen companies bidding for a 49 percent stake in Germany's state-owned Hamburger Hafen und Logistik AG, Die Welt reported.

   HHLA is the largest operator at Europe's second-largest port, Hamburg, and the newspaper said bids could reach 800 million euros to 1 billion euros ($1.03 billion to $1.68 billion).

   Another German state-owned company, Deutsche Bahn, who's transport and logistics division, DB Logistics, owns Schenker and BAX Global, is reportedly bidding in partnership with Morgan Stanley for HHLA. Other interested parties named by Die Welt include German construction company Hochtief AG, private equity firm 3i, and German insurance group Allianz.