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Hapag-Lloyd on Wednesday signed a binding agreement to acquire a 35% stake in J M Baxi Ports &...
Following the signing of the agreement in September 2022, the relevant antitrust authorities have approved the acquisition of a 49% share in Spinelli Group by the German container shipping company Hapag-Lloyd.
With the transaction completed today (12 January), Hapag-Lloyd becomes a shareholder in one of Italy’s largest terminal and transport operators. The Spinelli family still owns 51% of the remaining shares in the group.
The two parties have agreed not to disclose any financial information...
Hapag-Lloyd announced Tuesday it is making its first investment in the Americas through the $1 billion acquisition of the SM SAAM S.A. marine terminal and logistics businesses.
The German ocean container shipping company is acquiring all of SAAM’s shares in 10 terminals as well as bonded warehouses and integrated logistics operations for importers and exporters. The Chile-based company will retain its tugboat and airport logistics businesses.
SAAM operates eight terminals as the majority or...
https://www.freightwaves.com/news/hapag-lloyd-acquiring-saam-terminal-operations-in-1b-deal
German container shipping line Hapag-Lloyd announced Thursday it is acquiring a 49% stake in Italian logistics company Spinelli Group.
The Spinelli family will retain a majority stake of 51%, according to Hapag-Lloyd.
“The parties have agreed to not disclose any financial details of the deal,” the four-sentence announcement said. “The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months.”
The nearly...
https://www.freightwaves.com/news/hapag-lloyd-acquiring-stake-in-italian-logistics-company