Gleiss Lutz has advised Hapag-Lloyd AG (Hapag-Lloyd), a global leader in container shipping, on the acquisition of a 20 percent stake in Eurogate Container Terminal Hamburg (CTH) by Hanseatic Global Terminals (HGT).
HGT signed an agreement setting out the key terms for the proposed acquisition of a 20% stake in CTH. The agreement also provides for an increase in HGT’s stake in the TC3 container terminal in the Moroccan port of Tangier from 10% to 20%. The transaction is subject to the negotiation and finalization of binding agreements.
CTH is one of the most important container handling facilities in the Port of Hamburg and has an annual capacity of 4 million TEU. Planned investments in the terminal’s westward expansion and automation are intended to further increase capacity and boost the efficiency of container handling in the Port of Hamburg.
Hanseatic Global Terminals was founded in 2023 and operates as an independent unit within the Hapag-Lloyd Group, focusing on terminals and infrastructure.
The completion of the transaction is subject to the approval of the relevant authorities and regulatory bodies.
The following Gleiss Lutz team, led by Dr. Stefan Widder (partner) and Jan Philipp Mohr (counsel, both M&A, both Hamburg), advised Hapag-Lloyd:
Dr. Christoph Prawit Meissner (Berlin), Maximilian B. Imre (both M&A, Munich), Dr. Doris-Maria Schuster (partner, Hamburg), Dr. Jonas B. Hofer (Stuttgart), Dr. Julian Henning Glau (all Employment, Hamburg), Dr. Matthias Werner (partner), Dr. Josefine Börner, Dr. Patrick Kosney (all IP/Tech, all Munich), Aylin Hoffs (counsel), Dr. Lars Kindler (counsel), Dr. Sandra Plötz (all Public Law, all Düsseldorf), Dr. Alexander Fritzsche (partner, Competition/Antitrust), Konrad H.J. Discher (counsel), Sophie K. Hochdörffer (both Real Estate, all Frankfurt), Simon Clemens Wegmann (Data Protection, Berlin), Jochen Pfleger (Tax, Hamburg).
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