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Friday, October 30, 2020

Maritime Logistics Professional

Posted by January 21, 2020

DP World Takes 44% stake in Swissterminal Holding

Swissterminal, headquartered in Frenkendorf, and Dubai-based DP World have entered a partnership. (Copyright Swissterminal)

Swissterminal, headquartered in Frenkendorf, and Dubai-based DP World have entered a partnership. (Copyright Swissterminal)

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.

DP Worldcontainer terminal operator