Freshfields advised Hapag-Lloyd on acquisition of terminal business from SM SAAM

Freshfields advised Hapag-Lloyd on acquisition of terminal business from SM SAAM

The international shipping and transportation company further expands its presence in the Latin American market

Global law firm Freshfields Bruckhaus Deringer has advised Hapag-Lloyd on the acquisition of the entire share capital in SAAM Ports SA and SAAM Logistics SA from the Chile-based terminal operator and logistics service provider SM SAAM SA.

By acquiring the terminal business and related logistics services, Hapag-Lloyd, the international company, secures its stake in ten terminals in North, Central and South America, with a container throughput of around 3.5 billion TEU (2021). The purchase price for the terminal and logistics business, which employs approximately 4,300 people, and related real estate, is approximately one billion US dollars.

The Freshfield Bruckhaus Deringer team was led by partner Natascha Doll (Hamburg). The global transactions team also comprised partners Christoph H. Seibt and Simon Schwarz-Lindenberg (Hamburg), Paul Tiger (New York), and tax partner David Beutel (Munich).

Others in the team included, counsel Martin Rehberg (tax, Munich), Olaf Ehlers (global transactions, New York), principal associates Carsten Bork and Arne Krawinkel (both global transactions, Hamburg), Julia Kubelka (tax, Vienna), associates Maximilian Berenbrok and Panagiota Kavvada (both global transactions, Hamburg), and Brendan Counihan (tax, Washington DC).