The shareholders of SAAM have approved the agreement to sell 100% of the shares of its subsidiaries SAAM Ports and SAAM Logistics, as well as the real estate assets belonging to the logistics business, to Hapag-Lloyd.
Valued at about US$1bn, the transaction consists of selling SAAM’s stakes in ten port terminals it operates in six countries in the Americas – five are in Chile – along with the ground logistics business.
Macario Valdés, SAAM’s CEO, said: “It is good news that our shareholders overwhelmingly approved the transaction.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.