HHLA invests in multi-purpose facility at Port of Trieste

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

The German operator is attempting to position itself in the growing market on the Adriatic, which marks its third such investment outside Hamburg after Odessa in Ukraine and Tallinn in Estonia.

Angela Titzrath, chairwoman of HHLA’s executive board, stated: “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.