Hamburg Süd's acquisition of Chilean container shipper Compañía Chilena de Navegación Interoceánica S.A. (CCNI) is nearly complete today with the signing of the Sale & Purchase Agreement. The company notes that following approval by antitrust authorities, the $160 million deal is scheduled to become effective at the start of Q2 2015 and includes the related general agency … [Read more...]
Hamburg Süd to Acquire CCNI in $160 Million Deal
German container shipper Hamburg Süd announced today it has reached an agreement with Compañía Chilena de Navegación Interoceánica S.A. (CCNI) to acquire their container shipping business. The deal is valued at a total consideration of USD $160 million. CCNI currently operates 5,500 TEU containerships on a weekly service to Chinese ports as well as 1,700 - 3,500 TEU vessels … [Read more...]