THE responsible antitrust authorities have approved German shipping giant Hapag-Lloyd's acquisition of a minority stake in the Spinelli Group, reported Hellenic Shipping News Worldwide.
With the closing of the transaction, Hapag-Lloyd has acquired 49 per cent of the shares in one of Italy's leading terminal and transport operators.
The remaining 51 per cent of the shares in the corporate group remain in the hands of the Spinelli family. The parties have agreed to not disclose any financial details of the deal.
In driving its Strategy 2023, Hapag-Lloyd said it had expanded its involvement in the terminal sector, most recently through an agreement to acquire a stake in the terminal business of Chile-based SM SM.
In addition to the now completed investment in the Italy-based Spinelli Group, Hapag-Lloyd also has stakes in JadeWeserPort in Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, Terminal TC3 in Tangier, and Terminal 2 in Damietta, Egypt, which is currently under construction.
SeaNews Turkey
With the closing of the transaction, Hapag-Lloyd has acquired 49 per cent of the shares in one of Italy's leading terminal and transport operators.
The remaining 51 per cent of the shares in the corporate group remain in the hands of the Spinelli family. The parties have agreed to not disclose any financial details of the deal.
In driving its Strategy 2023, Hapag-Lloyd said it had expanded its involvement in the terminal sector, most recently through an agreement to acquire a stake in the terminal business of Chile-based SM SM.
In addition to the now completed investment in the Italy-based Spinelli Group, Hapag-Lloyd also has stakes in JadeWeserPort in Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, Terminal TC3 in Tangier, and Terminal 2 in Damietta, Egypt, which is currently under construction.
SeaNews Turkey
