jm-baxi

Hapag-Lloyd invests in India

Hapag-Lloyd is to acquire 35% of Indian private terminal and inland transport service provider JM Baxi Ports & Logistics (JMPBL) from a Bain Capital Private Equity affiliate, for an undisclosed amount. It has also signed a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and raise its shareholding to 40%. JMPBL’s operations include container terminals, a multi-purpose terminal, inland ... [+]