Shareholders think to the stock-exchange listing for the next year. Also note that Hapag-Lloyd AG and Compañía Sud Americana de Vapores (CSAV) signed a contract on merging CSAV’s entire container business with Hapag-Lloyd.
Following the integration, the new Hapag-Lloyd will rank among the four largest liner shipping companies in the world. CSAV will become a new Hapag-Lloyd core shareholder. CSAV will initially hold a 30% stake in the combined entity.
The partners have agreed on a capital increase of EUR 370 million once the transaction has been concluded, to which CSAV will contribute EUR 259 million. This will then increase CSAV’s share of Hapag-Lloyd to 34%.
Source: Hapag-Lloyd
