Hamburg Süd settles South American acquisition

The German container carrier has announced that the acquisition of Chilean CCNI has been finalized, with joint operation scheduled for launch in late March 2015.

Hamburg Süd has completed negotiations for the acquisition of the container activities in Chilean CCNI, Compañía Chilena de Navegación Interoceánica. The acquisition is still subject to the necessary approvals from the authorities, says Hamburg Süd in a press release.

The acquisition is expected to be fully finalized in late March, where Hamburg Süd will run CCNI under the same name on the services between South America's west coast, Asia, Europe and North America.

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