Brazilian go-ahead for CSAV-Hapag merger


Brazil's Council for Economic Defence has made the decision to approve, without restrictions, the merger of shipping lines CSAV and Hapag-Lloyd.

This forms part of a series of notifications that both companies are making to the antitrust authorities around the world.

Regulatory entities in the United States and the European Union have already given their approval, with the Chilean Antitrust Agency deciding not to pursue its investigation of the transaction.

CSAV and Hapag-Lloyd signed a binding agreement in April 2013 to merge their container carrier businesses.

On completion of the agreement, the combined company will be the world’s fourth biggest shipping operator, with a fleet of around 200 containerships.

It will have a total capacity of one million TEU, be capable of shipping 7.5 million TEU annually, and will have combined business sales of over US$12 billion.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.