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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 of around 3.5 million TEU in 2021. It also operates logistics services at five locations in Chile, with t around ... [+]

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