Majority of CSAV shareholders approve Hapag-Lloyd

A large majority of shareholders in the Chilean carrier has approved a merger with Hapag-Lloyd

A large majority of shareholders in Chilean CSAV, 84.5 percent, have voted in favor of the planned merger with German Hapag-Lloyd. The board of the South American container carrier expects to make a final decision on April 20th.

Thus, the path seems clear for the establishment of the world's 4th largest container carrier. This happens after Hapag-Lloyd and German Hamburg Süd - which specializes on South America - had to cancel merger talks last year.

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