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 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 (HLAG).