HGT completed the acquisition of 60% stake in CNMP LH from Seafrigo Group.

HGT, a fully owned subsidiary of Hapag-Lloyd that manages a portfolio of port terminals, completed the acquisition of 60% stake in CNMP LH, an operator of the Atlantique container terminal, from Seafrigo Group, an international logistics company. “By acquiring a majority stake in the CNMP LH terminal in Le Havre, we are strengthening our position in one of our core European markets. At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency. The transaction will therefore directly contribute to the vigorous realization of our Strategy 2030,” Dheeraj Bhatia, Hanseatic Global Terminals (HGT) Chief Executive Officer.