Hapag-Lloyd welcomes Mexican approval for transaction with CSAV

Hapag-Lloyd welcomed the unconditional clearance under Mexican merger regulations for the planned integration of the container shipping activities of Compania 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), Chile, and Brazil have already cleared the planned transaction. Approvals of two regulatory authorities 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 approximately 9 billion euro.

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