ShippingWatch

Hapag-Lloyd and CSAV agree on merger

The world's 4th largest container carrier is nearing reality after Hapag-Lloyd and Chilean CSAV have agreed on a merger. The deal still depends on a satisfactory due diligence. 

Photo: Hapag-Lloyd

A merger between German Hapag-Lloyd and Chilean CSAV, which would result in the 4th largest container carrier in the world, is nearing a reality.

According to the agreement, CSAV, Cia. Sud Americana de Vapores SA, which is controlled by the Chilean Luksic family, will own close to 34 percent of Hapag-Lloyd in a shareholder arrangement with Klaus-Michael Kühne and the Hamburg City Council, which together will control 75.5 percent of the new merged company.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs