Freight News, Sea

Hapag Lloyd and CSAV to merge

[ April 17, 2014   //   ]

Hapag-Lloyd and CSAV confirmed their long anticipated merger on 16 April. Under the deal, which will make Hapag Lloyd the world’s fourth-largest container line, the South American carrier initially becomes a 30% shareholder in the German company, increasing to 34% when a €370 million capital increase is concluded, of which CSAV will contribute €259m. The merged company will be headquartered in Hamburg, with a regional office in Chile.

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