“This is a further step to complete the transaction and is part of the notifications being made by both parties to regulatory entities around the world. United States, Chile, the European Union and Brazil, among others, have already given their approval,” the statement said.
CSAV and Hapag-Lloyd signed a binding agreement last April to merge their container carrier businesses. On completion of the agreement, the combined company would be the world’s fourth biggest operator, with around 200 containerships, a 1m teu-capacity, cargo volumes shipped of 7.5m teu annually, and combined business sales of over $12bn.
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