Independent journal on economy and transport policy
23:31 GMT+2
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New step ahead in the procedure of fusion of the services of line of CSAV and Hapag-Lloyd
the shareholders of the South American company have exercised the appraisal right only 2.7% of the capital stock
April 22, 2014
The procedure of fusion of the activities in the segment of the marine transport of the container of the shipowning company German Hapag-Lloyd with those of South American the Compañía Chilean of Vapores (CSAV), that it is agreed with a which signed binding understanding last week from the two parts ( on 17 April 2014), an important step has completed this weekend ulterior ahead being itself concluded Sunday the classified term to the shareholders of the CSAV in order to exercise the appraisal right in relation to the fusion operation. Such right is exercised by shareholders who altogether represent alone 2.7% of the entire capital stock, clearly inferior quota therefore to the threshold of 5% beyond which the operation could second jump established how much from the last extraordinary assembly of the shareholders of the South American company.
"This - the managing director of the CSAV, Oscar Hasb has commented ún - is another step on the road of the realization of this transaction, that we are convinced will bring enormous benefits to our company and our investor".
The next step will be the approval of the plan of fusion by the Senate of Amburgo, green light that is attended by the end of this month.
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The procedure of fusion of the activities in the segment of the marine transport of the container of the shipowning company German Hapag-Lloyd with those of South American the Compañía Chilean of Vapores (CSAV), that it is agreed with a which signed binding understanding last week from the two parts 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
