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.

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