Germany’s Hapag-Lloyd and Chile’s Compañía Sud Americana de Vapores (CSAV) signed a binding contract Wednesday to merge CSAV’s entire container business with Hapag-Lloyd.
The relevant corporate bodies of both companies have already approved the merger. The closing of the transaction is subject to the approval of competition authorities.
Another condition is that not more than 5 percent of CSAV´s minority shareholders exercise their appraisal rights till April 20. Until then…
Hapag-Lloyd, CSAV sign merger agreement
