Chilean multinational port services company SAAM has completed its acquisition of two concessions at Puerto Caldera in Costa Rica after getting approval from regulatory authorities in the Central American country.
The deal originally signed in September involved SAAM offering $48.5m for 51% stakes in Sociedad Portuaria de Caldera (SPC) and Sociedad Portuaria Granelera de Caldera (SPGC) from the Colombian firm Sociedad Portuaria Regional de Buenaventura (SPBRUN).
SPC and SPGC reported revenues of $55.5m in 2016.
SAAM, which made the transaction through its subsidiary SAAM Puertos, will partner with three other companies in operating the port – Saret (21% share), Logistica de Granos (19%), both of Costa Rica, and Empresarial del Pacifico (9%) of Colombia.
Puerto Caldera on the Pacific coast of Costa Rica mainly handles containers and bulk loads.