EU approves Hapag-Lloyd participation in JadeWeserPort
The European Union (EU) Commission has approved Hapag-Lloyd’s participation in JadeWeserPort Wilhelmshaven, which was announced in September 2021.
With the closing of this transaction, the Hamburg-based container shipping company will take ownership of a 30% stake in Container Terminal Wilhellmshaven (CTW) and a 50% stake in Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort in Germany.
The German terminal operator Eurogate will continue to hold the remaining shares of the two terminals.
The two parties have agreed not to disclose the purchase price.
Hapag-Lloyd said that investments in strategic assets along the supply chain are a key part of its Strategy 2023.
“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,” commented the German box line in a statement.