Why Hapag-Lloyd’s Eurogate Hamburg stake matters & what’s next

The news that German terminal operator Eurogate has agreed to sell 20% of its flagship Hamburg terminal CTH is significant on a variety of fronts, including paving the way for a possible future takeover of Eurogate by its new partner. Under the terms of deal disclosed this week, Hapag-Lloyd’s terminal operating subsidiary Hanseatic Global Terminals (HGT) is set to acquire a 20% stake in CTH, and will likely join CMA CGM as a shareholder in the facility, after it similarly agreed ... Daily News from £12 / mo · includes Daily News Subscriber Access This is a Daily News Story For uninterrupted access, sign in, subscribe or upgrade to The Daily News. For as little as £12 / month (£100/year), we can get you into the room where the big decisions are made. Email Remember me on this device Related Stories