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At last week’s extraordinary general meeting at CSAV, 84.5% of shareholders voted in favour of a deal that would see the Chilean carrier merge with Germany’s Hapag-Lloyd, exchanging all of its container assets for a 30% stake in the new entity, which would then rank as the fourth-biggest container line in the world and making it the largest single shareholder in the new entity.

Shareholders that did not attend the EGM have until April 20 to approve the transaction.

So far less ...

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