SAAM (Chile)

Type: Company
Name: SAAM (Chile)
Nationality: Chile
Web Address: www.saam.cl
First reported Sep 11 2014 - Updated Sep 12 2014 - 2 reports

Commission approves merger between Hapag Lloyd and CSAV

The European Commission has cleared under the EU Merger Regulation the proposed merger between Hapag Lloyd, a German shipping company with worldwide activities, and rival Compañia Sud Americana de Vapores S.A. ("CSAV") of Chile. The clearance is conditional ... [Published New Europe - Sep 12 2014]

Quotes

Commission Vice President in charge of competition policy Joaquín Almunia said:  "Liner shipping plays a central role in global trade, so competition in this sector is essential for businesses and consumers in the EU. Through the commitments, our decision averts the risk that the merger between Hapag Lloyd and CSAV could lead to any price increase."

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Commission approves merger between Hapag Lloyd ... [Published New Europe - Sep 12 2014]
Mergers: Commission approves merger between Hap... [Published European Commission - Sep 11 2014]
Fact Sheet for Compania Sud Americana de Vapores [Published Able2Act - Mar 07 2008]
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