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HAPAG - LLOYD AG: Hapag-Lloyd welcomes green light for transaction with CSAV in Brazil

DGAP-News: HAPAG - LLOYD AG / Key word(s): Mergers & Acquisitions

04.11.2014 / 17:00


Hapag-Lloyd welcomes the unconditional clearance under Brazilian merger
regulations for the planned integration of the container shipping
activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd.

Hapag-Lloyd and CSAV signed a binding business combination agreement in
April. Its implementation is subject to the approval of regulatory
authorities. Among others, the Department of Justice of the United States,
the European Union (EU) and Chile have already cleared the planned
transaction. Approvals of a few jurisdictions are still pending.

The transaction will make Hapag-Lloyd the fourth largest container shipping
company in the world, with some 200 vessels, an annual transport volume of
7.5 million TEU and a combined turnover of approx. 9 billion Euro.


04.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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