Hapag-Lloyd acquires 49% stake in Italy’s Spinelli Group
Hapag-Lloyd has announced that itself and Spinelli Group have entered into an agreement to join forces.
Hapag-Lloyd has announced that itself and Spinelli Group have entered into an agreement to join forces.
The German container liner-shipping company says it will acquire a 49% in Spinelli Group from existing shareholders.
Meanwhile, the Spinelli family will continue to hold the majority stake of 51%.
Operating in Italy since 1963, the Spinelli Group offers services throughout the entire logistics chain of containers to the shipping lines including port terminal services, multimodal transport solutions, container depots and repairs, warehouses, and customs agent activities.
The parties have agreed to not disclose any financial details of the deal.
The completion of the transaction is subject to the approval of the responsible antitrust authorities, which is expected within the next months.
Photo: Aslak Raanes / Flickr / CC BY 2.0