CCI approves acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V.

The Competition Commission of India (CCI) has approved the acquisition of JM Baxi Ports and Logistics Limited’s shareholding by HL Ter­mi­nal Holding B.V. HL Terminal Holding B.V. is a newly incorporated en­tity, intended to serve as a strategic/investment holding company for the port terminal business of Hapag Lloyd Aktiengesellschaft. JM Baxi Ports and Logistics Private Limited is a private terminal and inland transport service provider.