SAAM to Acquire 51 Pct in Puerto Caldera

Image Courtesy: SAAM

SAAM, a Chilean provider of port, towage and logistics services, has inked an agreement with Colombia’s Sociedad Portuaria Regional de Buenaventura (spbrun) to acquire the control of the two concessions at Puerto Caldera, major terminal of the Pacific Coast of Costa Rica and the second in terms of cargo transferred in the country.

SAAM would control 51% of Sociedad Portuaria de Caldera (SPC) and of Sociedad Portuaria Granelera de Caldera (SPGC), which together transferred more than 4.9 million tons last year.

The Chilean company shall disburse USD 48.5 million for the mentioned percentage of the share capital of both companies, which jointly reported revenues for USD 46.6 million in 2015.

Prior to the transfer, the operation must be approved by Costa Rica’s regulatory bodies.

“Indeed, this transaction will originate a company that, aside from SAAM’s majority position, will be composed by Costa Rican companies: Saret (21%) and Logística de Granos (19%), as well as by the Colombian company Grupo Empresarial del Pacífico (9%),” Macario Valdés, CEO of SAAM, said.

Following the completion of the acquisition, SAAM would have a total of 12 terminals in seven countries in the Americas.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Global Liner Shipping Asia Conference

Fight. Survive. Thrive. Respond to challenges of consolidation & disruption at the largest gathering of container shipping industry in Asia…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference. With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and […]

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >