Liner giants Hapag-Lloyd and Mediterranean Shipping Co (MSC) are expanding their Italian terminal interests.
Hapag-Lloyd has completed the purchase of a stake in Italy’s Spinelli Group after the deal was approved by antitrust authorities.
The German liner operator will acquire a 49% stake in the terminal and transport operator, with 51% remaining in the hands of the Spinelli family.
Separately, MSC sister company Terminal Investments Ltd (TIL) is to acquire 100% of Terminal Darsena Toscana (TDT), the largest container terminal in the Tuscan port of Livorno, with an annual operating capacity of 900,000 teu.
The shares will be purchased from Gruppo Investimenti Portuali, a Genoa-based investment company that has owned the terminal since 2012.
TIL’s acquisition of TDT is subject to approval from the competition authorities.
The Geneva-based company recently acquired a majority stake in Trieste Marine Terminal and already owns 50% of the Lorenzini container terminal in Livorno.
In October, Hapag-Lloyd tied up a $1bn deal to acquire the port and logistics operations of Chilean group SAAM. It has also taken stakes in JadeWeserPort in Wilhelmshaven and the Container Terminal Altenwerder in Hamburg.
Hapag-Lloyd has invested in Terminal TC3 in Tangier and Terminal 2 in Damietta, Egypt, which is under construction.