Hapag-Lloyd AG as well as SM SAAM have actually authorized a binding contract under which Hapag-Lloyd will certainly get 100 % of the shares of SAAM Ports S.A. as well as SAAM Logistics S.A. as well as consequently the whole business’s incurable service as well as linked logistics solutions.
The having events set a rate of around $1 billion, which additionally consists of realty possessions associated with the logistics service.
Chile- based SM SAAM is an incurable driver, logistics business, as well as towage service provider energetic in numerous nations in theAmericas It was started in 1960 as well as has actually been detailed on the Santiago Stock Exchange (SSE) considering that 2012.
SM SAAM’s incurable service engagements consist of 10 terminals in 6 North, Central, as well as South American nations with around 4,000 workers as well as a mixed container throughput of around 3.5 million TEU in 2021.
The relevant logistics solutions enhance the incurable service at 5 areas in Chile, with an overall of around 300 workers. SM SAAM’s tugboat solutions as well as flight terminal logistics solutions services are not component of the deal as well as will certainly continue to be with SM SAAM.
“Investing in incurable framework is a crucial element of our critical schedule, as well as Latin America is among our fortress markets. Acquiring SM SAAM’s incurable procedures as well as corresponding logistics solutions will certainly assist us to even more enhance our service while developing a durable as well as eye-catching incurable profile,” claimed Rolf Habben Jansen, CHIEF EXECUTIVE OFFICER of Hapag-Lloyd
Hapag-Lloyd claimed that, in driving its Strategy 2023, it has actually continually increased its participation in the incurable field, most lately by introducing that it intends to get a minority risk in the Italy- based Spinelli Group, by obtaining a risk in JadeWeserPort in Wilhelmshaven, as well as by buying the building of Terminal 2 in the Egyptian port ofDamietta
Hapag-Lloyd additionally has a risk in the Container Terminal Altenwerder in Hamburg as well as in Terminal TC3 of the Moroccan port of Tangier.
The closing of the SAAM deal undergoes authorization by the appropriate antitrust authorities as well as to added problems popular for a deal of this kind.