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Chilean shipping company CSAV has become the largest single shareholder in Germany’s Hapag-Lloyd, overtaking Klaus Michael Kuehne’s investment fund.
This month, the Chilean company, which became a large, but minority, shareholder in Hapag-Lloyd following the 2015 takeover of CSAV’s container shipping assets, boosted its stake from 27.8% to 30% after acquiring shares from Qatar Holdings, reducing its stake from 14.5% to 12.3%, according to Alphaliner.
CSAV general manager Oscar Hasbun described the purchase as “a new example of our long-term commitment to ...
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