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sm-saam

Hapag-Lloyd completes terminal takeover

Hapag-Lloyd has completed its 100% acquisition of Latin America-based SM SAAM’s terminal business and related logistics services, followingan agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved. It includes interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (US), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica) as well as related logistics ... [+]

Hapag-Lloyd to buy Latam terminals business

Hapag-Lloyd is to acquire 100 % of the shares of Chile-based terminal operator SM SAAM Ports and SM SAAM Logistic, for around US$1 billion, subject to regulatory approval. SM SAAM operates 10 terminals in six North, Central and South American countries with around 4,000 employees and a combined container throughput ... [+]

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