Independent journal on economy and transport policy
07:06 GMT+1
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84.5% of the shareholders of the CSAV have approved of the project of fusion with Hapag-Lloyd
Within on 20 April the shareholders who have expressed contrary ballot or that they have not participated to the voting they will be able to exercise the right of apprisal
March 24, 2014
Past friday 84.5% of the shareholders of the shipowning society Chilean South American Compañía de Vapores (CSAV), on 92.6% of the capital stock total represented from the shareholders who have participated to the held assembly to Valparaiso, has approved of the project of fusion of the activities of the company in the segment of the containerized marine transport with those of the German company Hapag-Lloyd, based on which the South American company would acquire 30% of the Hapag-Lloyd new ( on December 5, 2013 and 23 January 2014).
"Once again - the managing director of the CSAV, Oscar Hasb has commented ún - our investor have demonstrated their support to the project that we are realizing and their confidence in the activity that we are getting ahead. This is demonstrated by the lowland percentage, inferior to 1%, that it has voted against the transaction". Within next 20 April, date in which the decision of the assembly it will become definitive, the shareholders that they have expressed contrary ballot or that they have not participated to the voting will be able to decide, exercising the right of apprisal, to yield to the society own quotas and if such decision will be assumed by shareholders who together represent beyond 5% of the capital stock total the fusion project she will risk to be set aside. "We expect - Hasbún has said - that on 20 April we will be able to confirm that the appraisal right on at least 5% of the actions is not exercised and that the negotiations with Hapag-Lloyd can go ahead".
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Past friday 84.5% of the shareholders of the shipowning society Chilean South American Compañía de Vapores (CSAV), on 92.6% of the capital stock total represented from the shareholders who have participated to the held assembly to Valparaiso, has approved of the project of fusion of the activities of the company in the segment of the containerized marine transport with those of the German company Hapag-Lloyd, based on which the South American company would acquire 30% of the Hapag-Lloyd new 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
