A PYMNTS Company

Chile/Germany: Shipping merger negotiations drag on

 |  January 19, 2014

A potential merger between Chile-based shipping firm Compania SudAmericana de Vapores and a larger German counterpart Hapag-Lloyd has yet to reach a conclusion as the Chilean firm said Friday that merger talks are ongoing and no deal has been made.

Earlier reports had said the two were edging closers to a decision as Vapores looks to a way out of financial struggles through a Hapag-Lloyd purchase.

But despite earlier reports, Vapores said no acquisition deal has been made yet.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.