Hapag-Lloyd acquires stake in India-based J M Baxi Ports & Logistics
Hapag-Lloyd AG has acquired a significant share of J M Baxi Ports & Logistics Limited (JMBPL), a leading private terminal and inland transport service provider in India.
The company signed a binding agreement to acquire 35% from a Bain Capital Private Equity affiliate and, additionally, signed an agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and to raise Hapag-Lloyd’s shareholding to 40%.,
Rolf Habben Jansen, CEO of Hapag-Lloyd, said: “Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of key growth markets.
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