-
Category: Specialized News & Events
-
Published on Friday, 05 December 2014 07:40
-
Written by dongbacshin
-
Hits: 5080
DECEMBER 2, 2014 — Hamburg, Germany, headquartered Hapag-Lloyd and Valparaiso, Chile, headquartered Chilean Compañía Sud Americana de Vapores (CSAV) have completed a merger that will create the fourth largest container liner shipping company in the world
Under the arrangement, CSAV is merging its container shipping business into Hapag-Lloyd in exchange for a shareholding stake that will see it become a core shareholder, with an initial 30% of the company. That will make CSAV Hapag-Llo...