Indian Transport & Logistics

Hapag-Lloyd completes Spinelli deal

Hapag-Lloyd acquires 49% minority stake; terminal portfolio expanded

Hapag-Lloyd completes Spinelli deal

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

"With today’s closing of the transaction, Hapag-Lloyd has acquired 49 percent of the shares in one of Italy’s leading terminal and transport operators. The remaining 51 percent 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," says a release from Hapag.

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, the release added.

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.

With a fleet of 252 container ships and a total transport capacity of 1.8 million TEUs, Hapag-Lloyd has around 14,500 employees and more than 400 offices in 137 countries.

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