News / Hapag-Lloyd in billion-dollar deal to buy Chilean port operator SAAM

Hapag-Lloyd is set to rapidly expand its nascent terminal portfolio, agreeing to purchase Chilean operator SM SAAM’s ports and logistics subsidiaries in a deal valued at around $1bn.

“Investing in terminal infrastructure is a key element of our strategic agenda, and Latin America is one of our stronghold markets,” said Hapag-Lloyd CEO Rolf Habben Jansen.

“Acquiring SM SAAM’s terminal operations and complementary logistics services will help us to further strengthen our business while building up a robust and attractive terminal portfolio,” he ...