EQS-News: SM SAAM terminal business acquisition successfully completed
Hapag-Lloyd to take over terminal stakes in North, Central and South America
- Hapag-Lloyd to take over terminal stakes in North, Central and South America
Hapag-Lloyd today successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. - The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process.
- The acquisition will further strengthen Hapag-Lloyd’s core liner shipping business and help the carrier to build up a robust and attractive terminal portfolio.
- Hapag-Lloyd has continuously expanded its involvement in the terminal sector and holds stakes in the Container Terminal Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Italy-based Spinelli Group, the India-based J M Baxi Ports & Logistics Limited, Terminal TC3 in Tangier, and Terminal 2 in Damietta, Egypt, which is currently under construction.