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14 August 2020 The on-line newspaper devoted to the world of transports 16:37 GMT+2

January 14, 2020

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Original news
CSAV increases its stake in Hapag-Lloyd investing 330 million dollars

The Chilean group's share price rises to almost 30% of the German company capital

Chilean Compa'a Sudamericana de Vapores (CSAV) increased its stake in the capital of the German shipping company Hapag-Lloyd raising its stake from 27.8% to almost 30% of the total number of shares with a investment of 330 million dollars. CSAV specified that investment, which will allow the company to 52.7 million shares of Hapag-Lloyd, will be financed with a debt contracted by his Chilean group, which owns 56.2%, owns the Chilean group, which owns 56.2% CSAV.

In addition, CSAV has announced that in the coming weeks will convene an extraordinary meeting of shareholders propose a capital increase in the amount of 350 million dollars in order to adjust the level of debt Company.

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