24/01/2014at 15:24

CSAV share plummets following Hapag-Lloyd deal

Two announced capital increases included in the Hapag-Lloyd agreement send smaller CSAV shareholders running for the fences.

BY OLE ANDERSEN

Shares in container carrier CSAV, Cia. Sud Americana de Vapores SA, are plummeting on the Santiago Stock Exchange after shareholders have studied the planned agreement, which has Hapag-Lloyd acquiring the Chilean carrier in return for CSAV securing a 30-34 percent stake in the German carrier.

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Hapag-Lloyd and CSAV agree on merger
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Maersk and Hamburg Süd challenged in South America
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