Today Hapag-Lloyd successfully finalized the purchase of 100% of Chilean SAAM’s port terminals and related logistics services based on an agreement signed last autumn.
The transaction has been approved by antitrust authorities in the countries involved in the takeover.
Rolf Habben Jansen, CEO of Hapag-Lloyd AG. said they were very pleased with the successful completion of the transaction, as it significantly increases Hapag-Lloyd‘s presence in Latin America and reinforces the company’s commitment to the Latin American markets. He pointed out that they intend to focus on further developing the business and continuing to offer the best quality to all SAAM Terminals customers.
Investing in terminal infrastructure is a key part of Hapag-Lloyd’s strategic agenda and Latin America is one of its most important markets. The deal comprises interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (US/Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica ) as well as related logistics services.
The acquisition will further bolster Hapag-Lloyd’s liner shipping business and help the carrier build a strong, attractive terminal portfolio.
Translation by Giles Foster
