SAAM has gained control of two concessions at Costa Rica’s second biggest port.
The Chilean company will control 51% of Sociedad Portuaria de Caldera (SPC) and f Sociedad Portuaria Granela de Caldera (SPGC).
This deal will cost the company US$48.5m if it is approved by the country’s regulatory authorities.
Puerto Caldera is the second biggest in Costa Rica and is situated on the country’s West Coast. Its throughput in 2015 was 238,000 teu.
“This investment is a good reflection of the growth strategy that we are implementing in the Region and this is a very well-managed enterprise, to which we can add value,” stated Macario Valdés, CEO of SAAM.
“In addition, it allows us to join forces with partners who have knowledge of and experience in the local market,” he added.
These local partners include Saret, which has a 21% share and Logistica de Granos and its 19% share – as well as Colombian company Grupo Empresarial de Pacific’s 9% share.
SAAM operates ten terminals in six Latin American countries, as well as one in Florida, as part of its diversification and globalisation strategy.