DGAP-News

HAPAG - LLOYD AG: Hapag-Lloyd welcomes Mexican approval for transaction with CSAV

DGAP-News: HAPAG - LLOYD AG / Key word(s): Mergers & Acquisitions
HAPAG - LLOYD AG: Hapag-Lloyd welcomes Mexican approval for
transaction with CSAV

20.11.2014 / 13:12

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Mexican competition authority approves transaction with CSAV
unconditionally / Next step for Hapag-Lloyd becoming number four in
worldwide liner shipping

Hapag-Lloyd welcomes the unconditional clearance under Mexican merger
regulations for the planned integration of the container shipping
activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd.

Hapag-Lloyd and CSAV signed a binding business combination agreement in
April. Its implementation is subject to the approval of regulatory
authorities. Among others, the Department of Justice of the United States,
the European Union (EU), Chile and Brazil have already cleared the planned
transaction. Approvals of two regulatory authorities are still pending.

The transaction will make Hapag-Lloyd the fourth largest container shipping
company in the world, with some 200 vessels, an annual transport volume of
7.5 million TEU and a combined turnover of approx. 9 billion Euro.



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20.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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298347 20.11.2014