Vapores, Hapag-Lloyd ink binding agreement for business tie-up

miércoles 16 de abril de 2014 14:44 GYT

SANTIAGO, April 16 (Reuters) - Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany's Hapag-Lloyd to tie-up their businesses and create the world's fourth-largest container-shipping company.

The companies announced in January they had inked a non-binding memorandum of understanding for the deal. (Reporting by Santiago newsroom; Editing by David Gregorio)