Aria Farin Jaam
Freight Forwarding Co.

News

Latest news

Philadelphia Port Welcomes the Largest Ship to Ever Call at the U.S East Coast

Philadelphia Port Welcome...

The Philadelphia Port welcomed the biggest contain...

South Korea Launches 1st Container Ship Built for Autonomous Operations

South Korea Launches 1st...

South Korea has launched a container ship that wil...

U.S. Blacklists Companies Over $100 Million Iranian Commodity Shipment to China

U.S. Blacklists Companies...

The U.S. Department of the Treasury’s Office of Fo...

DP World seeks solar power opportunities with Masdar

DP World seeks solar powe...

The three-year deal will look for optimal sites fo...

Ukrainian Danube Shipping Company begins to create container convoys

Ukrainian Danube Shipping...

Ukrainian Danube Shipping Company has held consult...

First of new 2,000 TEU box ship series delivered to CMA CGM

First of new 2,000 TEU bo...

CMA CGM Mermaid, the first of a series of 10 vesse...

Houthis Fire Missiles At Iran-Bound Cargo Ship In Red Sea, Minor Damage Reported

Houthis Fire Missiles At...

Yemeni Houthis reportedly fired two missiles on Mo...

Chartered feeders de rigueur in Red Sea crisis

Chartered feeders de rigu...

Houthi military action has successfully seen the d...

Tuesday, 31 January 2023 07:34

Hapag-Lloyd completes acquisition of stake in Spinelli Group

Rate this item
(0 votes)

Antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stake in the Spinelli Group, after signing took place in September 2022.

With the closing of the transaction, Hapag-Lloyd has acquired 49% of the shares in one of Italy’s leading terminal and transport operators Spinelli Group. The remaining 51% 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 has continuously expanded its involvement in the terminal sector, most recently through an agreement to acquire a stake in the terminal business of Chile-based SM SAAM.

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

 

Read 493 times

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

rtl