Hapag-Lloyd has completed the acquisition of a 49 percent stake in the Italian terminal operator Spinelli Group.

Hapag-lloyd

Image source: Hapag-Lloyd.

The deal has been approved by the relevant antitrust authorities. The remaining 51 percent stake stays in the hands of the Spinelli family.

In 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, as HLPFI reported here.

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.

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