Hapag-Lloyd will acquire the entire terminal business of the Chile-based company SM SAAM, including SAAM Ports and SAAM Logistics, for approximately US$1 billion.
The two parties signed an agreement according to which the German shipping firm will take over 100% of the shares of the two SAAM companies and thereby the entire SM SAAM’s terminal business and associated logistics services.
SM SAAM is a terminal operator, logistics company and towage provider active in multiple countries in the...
https://container-news.com/hapag-lloyd-buys-sm-saam-terminal-business-for-us1-billion/