M&A Activity • Jan 22, 2014
M&A Activity
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Corporate | 22 January 2014 21:24
Hapag-Lloyd and CSAV have signed a Memorandum of Understanding
HAPAG – LLOYD AG / Key word(s): Mergers & Acquisitions/Letter of Intent
22.01.2014 / 21:24
Hamburg, 22 January 2014
Hapag-Lloyd and CSAV have signed a Memorandum of Understanding
MoU is not binding / Next phase with due diligence begins
The talks between Hapag-Lloyd and CSAV about combining the container liner shipping activities of CSAV with Hapag-Lloyd are going into the next phase. Both companies have signed a Memorandum of Understanding (MoU) which is not binding. As the next step, the due diligence will take place, after which a binding contract could follow.
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