Dubai state controlled port operator DP World has taken a 44% stake in Swiss container terminal operator Swissterminal Holding AG.
The Mayer family, who founded the business, will remain a majority shareholder, a statement from the company said. Roman Mayer will continue to serve as Swissterminal’s CEO.
Financial terms were not disclosed.
Swissterminal operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are connected to container ports in Rotterdam and Antwerp as well as the ports of La Spezia, Genoa, Ravenna and Trieste south of the Alps.