Metrans Rail

EQS-News: HHLA Executive Board and Supervisory Board recommend to accept the offer by MSC in joint Reasoned Statement

Retrieved on: 
Tuesday, November 7, 2023
Knowledge, Hamburg Parliament, Parliament, Business analyst, RTÉ Executive Board, City, MSC, Supervisory board, Free, EUR, Mediterranean Shipping Company, CET, Citigroup, Investment, HHLA, BCA, Reason, Property management, Intermodal freight transport, Audit, Metrans Rail

As the offer price is deemed adequate following our review, the HHLA Supervisory Board and the Executive Board recommend accepting the offer from MSC.”

Key Points: 
  • As the offer price is deemed adequate following our review, the HHLA Supervisory Board and the Executive Board recommend accepting the offer from MSC.”
    Within two weeks of the publication of the offer document, the Executive Board and the Supervisory Board must issue a Reasoned Statement.
  • Upon announcement of the takeover offer, the HHLA Supervisory Board established a Takeover Committee composed of independent members of the Supervisory Board and authorised it to prepare and submit the joint Reasoned Statement on behalf of the Supervisory Board.
  • It is expressly pointed out that only the joint Reasoned Statement of the Executive Board and the Supervisory Board is authoritative.
  • HHLA shareholders should therefore carefully read the entire Reasoned Statement of the Executive Board and the Supervisory Board.

EQS-News: Hamburger Hafen und Logistik AG: HHLA faces challenging start to 2023

Retrieved on: 
Monday, May 15, 2023
PLT, Speicherstadt, TEU, Maintenance, Uncertainty, Face, Hafen, HHLA, Aggression, Tenant, EBIT, TK, Metrans Rail, EBITDA, Investment, Economic development, Grossman, Depreciation, Growth, Container, Real estate, Intermodal transport, Geography, Beauty salon, Intermodal freight transport, Music, Commercial property, EU

Hamburger Hafen und Logistik AG: HHLA faces challenging start to 2023

Key Points: 
  • Hamburger Hafen und Logistik AG: HHLA faces challenging start to 2023
    The issuer is solely responsible for the content of this announcement.
  • The HHLA Group’s revenue fell by 5.6 percent to € 364.7 million in the first three months of the year (previous year: € 386.2 million).
  • As we expected, container throughput and transport in the first quarter of the year were weak at HHLA as well.
  • Despite the challenging times, HHLA continues to implement its strategy based on sustainability and profitable growth.

Emerson Announces Agreement to Divest its Russia Business to Local Management

Retrieved on: 
Tuesday, September 27, 2022
Software, Other Manufacturing, Hardware, Electronic Design Automation, Engineering, Technology, Manufacturing, Other Technology, Health, Safety, COVID-19, NYSE, Metrans Rail, Company, Intellectual property, Automation, APM Automation Solutions, Goal, Annual report, EMR, SEC, Animal

Emerson (NYSE: EMR) today announced an agreement to sell its Russia business, including Metran, its Russia-based manufacturing subsidiary, and Emerson LLC in Russia, the sales and service organization for Metran, to the local management team.

Key Points: 
  • Emerson (NYSE: EMR) today announced an agreement to sell its Russia business, including Metran, its Russia-based manufacturing subsidiary, and Emerson LLC in Russia, the sales and service organization for Metran, to the local management team.
  • This announcement follows the companys May statement to exit its Russia business and explore strategic options to divest Metran.
  • As part of the previously announced Russia exit, Emerson included a pre-tax loss of $162M in the third quarter of fiscal 2022.
  • Emerson will work closely with the local Russia management team to help ensure a smooth transition for employees through the process.