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