Oscar Hasbun, CEO of Chilean containerline,said the step was necessary to clear the way for its proposed merger withGermany’s Hapag-Lloyd.
He likened the move to approval given in 2011prior to the spin-off of its agency and tug wing, SAAM.
CSAV and Hapag-Lloyd signed a non-binding memorandumof understanding at the end of January approving the union subject to completionof due diligence.
If it goes through, the tie up would formthe world’s fourth-largest liner operator with a combined carrying capacity ofabout one million teu and annual revenue of nearly $12bn.
