Hapag-Lloyd and CSAV Merger One Step Closer

Hapag-Lloyd and CSAV Merger One Step Closer

Hapag-Lloyd and CSAV Merger One Step Closer

Brazil’s Administrative Council for Economic Defence (CADE) has given an unconditional clearance to the proposed merger of the container shipping activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd. 

The German and the Chilean shipping company signed a binding business combination agreement in April 2014. Its implementation is subject to the approval of regulatory authorities. Among others, the Department of Justice of the United States, the European Union (EU) and Chile have already cleared the planned transaction. Approvals of a few jurisdictions are still pending.

The transaction will make Hapag-Lloyd the fourth largest container shipping company in the world, with some 200 vessels, an annual transport volume of 7.5 million TEU and a combined turnover of around EUR 9 billion (USD 11.3bn).

Press Release

Share this article

Follow World Maritime News

One thought on “Hapag-Lloyd and CSAV Merger One Step Closer”

Comments are closed.

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >