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Wednesday, November 30, 2022
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Hapag-Lloyd buys 49% stake in Italian logistics group

The German container shipping company Hapag-Lloyd has agreed with Spinelli Group to acquire a 49% stake in the Italian logistics firm.

The Hamburg-based box carrier has announced this new investment after a strong financial half of the year with reported EBITDA of €10 billion, EBIT of €9.1 billion and profits of €8.7 billion.

Spinelli family will continue to hold the majority stake of 51% at Spinelli Group, which recently ordered new equipment for its container terminal in Genoa, Italy.

The two parties have agreed to not disclose any financial information about the deal.

The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months.

Antonis Karamalegkos
Managing Editor

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