hapag-lloyd-hanseatic-global-terminals-eurogate

Hanseatic Global Terminals to take stake in Eurogate Hamburg

Hapag-Lloyd Group’s Hanseatic Global Terminals (HGT) arm has signed a deal for the intended acquisition of a 20% stake in Eurogate Container Terminal (CTH) Hamburg as well as to increase its stake in the TC3 container terminal at Tangier from 10% to 20%. The transaction is subject to regulatory approval and binding agreements. CTH is one of Hamburg’s major container handling facilities, with an annual capacity of 2.5 million TEU and ... [+]