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Chile/Germany: Shipping merger negotiations drag on

By  |  January 19, 2014
Chile/Germany: Shipping merger negotiations drag on

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.

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    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

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