News / Hapag-Lloyd and CSAV sign merger deal to create the world's fourth biggest carrier

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Hapag-Lloyd and CSAV have signed a binding agreement on their merger discussions that is expected to see the Chilean carrier become the largest shareholder in the merged group.

All that remains as obstacles to the deal being closed are approvals from the respective competition authorities; the approval of the City of Hamburg (HGV), expected on 30 April; and the support of more than 95% of CSAV’s shareholders, which must be confirmed by 20 April.

If more than 5% withdraw support for the ...