SAAM Sells USD 12 Mn Stake in Terminal Puerto Arica

SAAMIllustration. Image Courtesy: SAAM

Chilean port, towage and logistics services provider Sociedad Matriz SAAM has completed the sale of its 15% stake in Terminal Puerto Arica (TPA).

The sale, conducted through SAAM’s subsidiary SAAM Puertos SA, amounted to USD 12.2 million.

As informed, the transaction was approved by the National Economic Prosecutor’s Office.

As of February 15, 2019, Inversiones Neltume and Inversiones y Construcciones Belfi, together, controlled 100% of the company.

Located in the Port of Arica, TPA serves the manufacturing and trade industries of Bolivia, Peru and northern Chile.

Earlier this month, the Chilean port and towage provider signed a deal with Dutch Royal Boskalis Westminster to acquire the equity stake in SAAM SMIT Towage.

Under the agreement, SAAM will own 100% of the joint venture which is valued at USD 560 million. The move is said to be in line with the company’s strategy aimed at strengthening and developing its towage business.

Share this article

Follow World Maritime News

Posted on February 18, 2019 with tags .

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 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

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >