4.1 C
Hamburg
Wednesday, November 30, 2022
Home Most Visited Hapag-Lloyd buys 49% stake in Italian logistics group

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

Latest Posts

World’s first large-scale Battolyser plant to be located in Port of Rotterdam

The world’s first large scale Battolyser factory will be constructed in the port of Rotterdam to meet soaring demand for green hydrogen and electricity...

ICTSI’s Mindanao Container Terminal enhances port equipment

Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) business unit in Misamis Oriental in the Philippines, has acquired a mobile harbor crane...

Escalating protests threaten Indian hub port development at Vizhinjam

The Adani Group finds itself in a fix due to an escalation of protests against its under-construction container transshipment hub project at Vizhinjam, a...

Increased container volume at Port of Melbourne in October

Port of Melbourne noted increased container volumes in October 2022 compared to the same month last year. The Australian port saw October's container throughput rise...

China Merchants leasing unit makes boxship debut

China Merchants Commerce Financial Leasing (CMC Leasing), a lessor owned by Chinese state-owned conglomerate China Merchants Group, has bought its first container ship as...