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Germany's Hapag-Lloyd has signed a binding agreement to acquire a 35 per cent stake in J M Baxi Ports & Logistics (JMBPL) from an affiliate of Bain Capital Private Equity for an undisclosed amount.
Hapag-Lloyd also signed an agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and raise its shareholding to 40 per cent.
Hapag-Lloyd also signed an agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company and raise its shareholding to 40 per cent.
