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Acquisition of 60% of the shares in CNMP LH successfully completed
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Expansion of terminal portfolio and strengthening of competitive position in France
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Hanseatic Global Terminals CEO Dheeraj Bhatia: “Transaction will directly contribute to our Strategy 2030.”
Hanseatic Global Terminals (HGT) is a fully owned subsidiary of Hapag-Lloyd. Operating from Rotterdam successfully completed the acquisition of 60% of the shares in CNMP LH from Seafrigo Group. CNMP LH operates the Atlantique container terminal in Le Havre, France, as an independent company for its customers worldwide.
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 to not disclose any financial details of the transaction.
Le Havre is the 10 largest ports in Europe
Le Havre numbers among the 10 largest ports in Europe, is the most important port for sea transport to and from France with an annual container throughput of 3 million TEU, and offers excellent hinterland connections to Paris. The container throughput of the CNMP LH terminal is expected to grow in the coming years – including in the attractive reefer container business.
Hapag-Lloyd orders 24 new container ships
Our Strategy 2030
“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. At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency. The transaction will therefore directly contribute to the vigorous realisation of our Strategy 2030,” said Dheeraj Bhatia, Chief Executive Officer (CEO) of Hanseatic Global Terminals (HGT).
Hapag-Lloyd with good start to 2024 in first quarter of year
Modernize the CNMP LH terminal
“We are very pleased to have a strong partner at our side in Hanseatic Global Terminals, with whom we will continue to modernize the CNMP LH terminal in Le Havre. This will significantly raise the profile of our joint terminal as an important gateway for container transports in the Port of Le Havre,” said Eric Barbé, President of Seafrigo Group.
Terminal and infrastructure investments represent a crucial component of Hanseatic Global Terminals’ strategic agenda, aiming at further developing its portfolio to expand to more than 30 terminals by 2030.
