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29 May 2020 The on-line newspaper devoted to the world of transports 22:35 GMT+2

January 20, 2020

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Chilean SAAM will acquire 70% of the capital of the Intertug

The Colombian company has a fleet of 25 Tugs

The Chilean port, shipping and logistics group SAAM has signed agreement to acquire 70% of Intertug's capital Investment Holding, a Colombian company that operates port and maritime trailer and services for the offshore industry both in Colombia, Mexico and Central America. The transaction will be achieved either through the purchase of shares through a capital increase.

Currently Intertug has a fleet of 25 tugboats annually generate a turnover of about 44 million dollars.

"This transaction - explained the general manager Of SAAM, Macario Valdés -- is consistent with our growth and internationalization strategy and is complemented acquisition of 100% of its operations in Canada, Mexico, Brazil and Panama and from the entrance to El Salvador that we recently announced.' With the latter operation, the Presence of SAAM Towage, the company that operates the tugboats Of the Chilean group, will extend to 11 nations and the consistency of its fleet will be raised to more than 170 tugs.

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