Hapag-Lloyd’s HGT acquires majority stake in French port operator

Hapag-Lloyd’s Terminal & Infrastructure division Hanseatic Global Terminals (HGT) has completed the acquisition of 60% of the shares in CNMP LH, the operator of the Atlantique container terminal in Le Havre, from Seafrigo Group.

The remaining 40% of the shares in CNMP LH will continue to be held by Seafrigo Group, a company specialized in temperature-controlled food logistics.

The contracting parties have agreed not to disclose any financial information of the transaction.

The port of Le Havre numbers among the 10 largest in Europe and is a crucial hub for sea transport to and from France with an annual container throughput of 3 million TEUs.

“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,” pointed out Dheeraj Bhatia, CEO of Hanseatic Global Terminals. “At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency.”

Hanseatic Global Terminals plans to further invest in developing its portfolio, with the goal of expanding to more than 30 terminals by 2030.

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