SAAM takes controlling interest in Costa Rican terminal

SAAM takes controlling interest in Costa Rican terminal

Chilean multinational port services company SAAM has made a deal to acquire controlling interest in two concessions at Puerto Caldera in Costa Rica.

SAAM will pay $48.5m for the majority 51% stakes in Sociedad Portuaria de Caldera (SPC) and of Sociedad Portuaria Granelera de Caldera (SPGC) from Colombian firm Sociedad Portuaria Regional de Buenaventura (SPBRUN).

Puerto Caldera, on Costa Rica’s Pacific coast, moved 4.9m tonnes of cargo in 2015.

“This investment is a good reflection of the growth strategy that we are implementing in the Region and this is a very well-managed enterprise, to which we can add value,” commented Macario Valdés, CEO of SAAM.

The acquisitions mean SAAM will be operating 12 terminals in ports across the Americas including one in Florida in the US.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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