German liner company Hamburg Süd has concluded the takeover of the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) effective 27 March 2015, the company said.
The takeover includes the related general agency functions of Agunsa Agencias Universales S.A. (Agunsa) with headquarters in Valparaiso and Santiago de Chile.
The closing took place at the shipping line’s headquarters in the presence of management representatives from CCNI and Agunsa. The acquisition had previously been approved by the competent antitrust authorities. The Sale and Purchase Agreement was signed by Hamburg Süd and CCNI on 14 February 2015.
Hamburg Süd said it would continue to operate the CCNI container liner business under the well-established brand name on the main trade routes between the West coast of South America, Asia, Europe and North America respectively.