London: German carrier Hamburg Süd has completed its takeover of Compañía Chilena de Navegación Interoceánica’s (CCNI) container line activities.
The takeover of the Chilean company was finalised on March 27, and also includes the acquisition of the agency functions of Agunsa Agencias Universales, which has headquarters in Valparaiso and Santiago de Chile.
Hamburg Süd signed the sale and purchase agreement with CCNI on February 14, 2015, which was then approved by the competent antitrust authorities.
The German carrier will operate CCNI’s existing services between the west coast of South America, Asia, Europe and North America now the acquisition is completed.
The CCNI name will only be used for its car carrier activities, which the Chile-based line will retain.