The M&A window of opportunity is wide open
The bigger the better, on merit
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By Mike Wackett
Rationalisation is the driver of Hamburg Sud’s announced preliminary agreement for the acquisition of the container liner activities of the 28th-ranked Chilean carrier CCNI, which it says will entail the integration of the Latin American liner services of the Urenda family-owned, Grupo Empressa Navieras subsidiary into its own network.
Indeed, in its 2013 annual operational report the family-owned Oetker Group liner company complained of “rate pressures” on the Asia-South America trade lanes where CCNI currently operates 12 5,550-6,500teu ships (in co-operation ...
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