Markets
7.5
Hapag-Lloyd raises stake in Indian logistics group JM Baxi to 50%
Hapag-Lloyd has increased its ownership stake in JM Baxi Ports and Logistics from 35% to 50%, as confirmed in the shipping group's 2025 annual report. The German container shipping company originally acquired its initial stake from Bain Capital in early 2023 and has now moved toward majority control of the Indian ports and logistics operator. This represents continued strategic consolidation in port operations by a major global shipping line.