The EU Commission has approved Hapag-Lloyd’s investment in JadeWeserPort Wilhelmshaven, which was announced in September 2021.
With the closing of this transaction, the shipping line will take ownership of a 30 per cent stake in Container Terminal Wilhellmshaven (CTW) and a 50 per cent stake in Rail Terminal Wilhelmshaven (RTW).
The terminal operator Eurogate will continue to hold the remaining shares.
The parties have agreed not to disclose the purchase price.
The participation in JadeWeserPort will help Hapag-Lloyd to further improve its competitive position, especially in Far East trades whilst at the same time strengthening the North German ports, Hapag-Lloyd wrote in its announcement.
The German container firm reported revenues amounting to $26.4 billion in 2021.
