Hapag-Lloyd invests in German terminal

Hapag-Lloyd will acquire a 30% stake in Germany’s Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort.

The terminal operator, Eurogate, will continue to hold the remaining shares.

The parties have agreed not to disclose the purchase price. Subject to approval by the antitrust authorities, contract closing is expected within a few months.