Hapag-Lloyd strengthens presence in Latin America
Chile-based Saam, a multinational corporation providing services for trade through four divisions (port terminals, towage, inland logistics and air cargo logistics), has signed a binding agreement with the German liner shipping company Hapag-Lloyd for the sale of 100% of the shares of subsidiaries Saam Ports and Saam Logistics as well as real estate assets related to the logistics business.
The transaction is valued at approximately USD 1 billion. Saam estimates a net profit of USD 400 million. SM Saam’s business participations comprise ten terminals in six North, Central and South American countries with around 4,000 employees and a combined throughput of 3.5 million teu in 2021.
Hapag-Lloyd CEO Rolf Habben Jansen: "Investing in terminal infrastructure is a key element of our strategic agenda, and Latin America is one of our stronghold markets." (ah)