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Announced

Hapag-Lloyd to acquire a 30% stake in Container Terminal Wilhelmshaven at JadeWeserPort from Eurogate.

Synopsis

Hapag-Lloyd, a liner shipping company, agreed to acquire a 30% stake in Container Terminal Wilhelmshaven at JadeWeserPort, from Eurogate, a shipping line-independent container terminal group. Financial terms were not disclosed. “The decision of Hapag-Lloyd, Germany’s leading shipping company, to participate in the Eurogate CTW at JadeWeserPort is a good signal for the port, the region, Lower Saxony and Northern Germany," Dr Bernd Althusmann, Lower Saxony Minister of Economic Affairs and JadeWeserPort-Realisierungsgesellschaft supervisory board chairman.

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