Independent journal on economy and transport policy
18:41 GMT+2
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Green light of the shareholders of CSAV to the increase of capital of 400 million dollars
Hasbún: milestone on the road for the completion of the plan of fusion with Hapag-Lloyd
August 25, 2014
past Friday the assembly of the shareholders of the shipowning society Chilean Compañía American South de Vapores (CSAV) has approved of the increase of capital of 400 million dollars in the picture of the plan of fusion of the activities of containerized marine transport with those of the German company Hapag- Lloyd(of 17 April 2014).
the new resources will be used mainly in order to sign the quota pertinence of the CSAV in previewed the first increase of capital of Hapag-Lloyd after the fusion, that it is pairs to 259 million euros and equivalent to 70% of the total figure that the German company previews to obtain with this capitalization. This - it has remembered the Chilean company - will allow with CSAV to increase own participation in Hapag-Lloyd from 30% to 34%.
"This - the managing director of CSAV, Oscar Hasb has commented ún - is an important milestone on the road for the completion of the operation. We have founded expectations that this year we will be able to obtain the necessary approvals from the competent authorities and that we will be able to put into effect the fusion second the forecasts".
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