SAAM completes terminal and logistics sale

Picture 2 -  SAAM completes the sale of port and logistics assets and will focus on expanding its towage business

SAAM has completed the sale of its port terminals and logistics operations to allow it to focus on its towage business

Chile-based SAAM has completed the sale of its port terminals and logistics operations to Hapag-Lloyd for approximately US$995 million.

The sale will allow SAAM to focus on expanding its towage business.

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