Luksic family

Hapag-Lloyd AG to purchase Cia. Sud Americana de Vapores SA

Hapag-Lloyd AG has agreed to buy Cia. Sud Americana de Vapores SA in a deal that would create the fourth biggest shipping firm in the world.

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Banco de Chile top shareholder to sell up to around $1B in shares

LQ Inversiones Financieras, Banco de Chile's majority shareholder, will sell up to 6.9 billion shares equivalent to $963 million. The exit deal would reduce LQ's stake in the Chilean lender from 58.4% to 51%.

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Chilean shipper Vapores in talks with Hapag-Lloyd on a possible merger

Top executives of shipping companies Compania Sud Americana de Vapores and Hapag-Lloyd were reportedly negotiating a merger deal. Vapores has suffered losses and is seeking for ways to become more competitive.

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