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Hamburg Süd signs agreement to buy CCNI

Hamburg Süd signs agreement to buy CCNI

Hamburg Süd has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica (CCNI) including the related general agency functions of Agunsa Agencias Universales S. A. (Agunsa).

The take-over of the CCNI/Agunsa business is subject to appro­val by the competent antitrust authorities, scheduled to become effective at the end of March 2015.

Hamburg Süd will operate the CCNI container liner business in the main trades between the West coast of South America, Asia, Europe and North America.

CCNI will discontinue its container liner services and will only be using the CCNI name for the car carrier activities which it will retain.

Agunsa will continue representing other shipping lines as an agent and will also further develop its port and logistics services business in South America.