The EU Commission has approved Hapag-Lloyd's acquisition plans in JadeWeserPort Wilhelmshaven following an announcement in September last year.
With the closing of the transaction, the shipping line will take ownership of a 30% stake in Container Terminal Wilhelmshaven (CTW) and a 50% stake in Rail Terminal Wilhelmshaven (RTW). The terminal operator Eurogate will continue to hold the remaining shares.
Investments in strategic assets along the supply chain are a key part of Hapag-Lloyd’s Strategy 2023, according to a company statement.
“The participation in JadeWeserPort will help Hapag-Lloyd to further improve its competitive position, especially in Far East trades, while at the same time strengthening the North German ports.”
The parties have agreed not to disclose the purchase price.
