Independent journal on economy and transport policy
06:47 GMT+2
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On 22 August CSAV in assembly in order to approve of according to increase of capital until 400 million dollars
The deep ones will be employed for the performance of the project of fusion of the activities of containerized marine transport with those of Hapag-Lloyd
August 8, 2014
The extraordinary assembly of the shareholders of the shipowning society Chilean Compañía is convened for next 22 August American South de Vapores (CSAV) in order to approve of according to increase of capital until 400 million dollars necessary in order to put into effect the project of fusion of the activities of containerized marine transport with those of the German company Hapag-Lloyd ( on 17 April 2014). We remember that the first increase of until 202 million dollars as an option programmed capital from the South American company has yielded to CSAV the collection of 108 million dollars and that such procedure continues yesterday with a second under way offer ( on 5 August 2014)
The Chilean shipowning society has specified that the deep ones collected will be used mainly in order to sign the amount of pertinence of CSAV in the first increase of capital of Hapag-Lloyd after the fusion, that will be pairs to 259 million euros and that will allow with the CSAV to increase own participation in the Hapag-Lloyd new from 30% to 34%. The remaining quota - it has specified the South American company - will be used in order to cover the costs of the operation.
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