The Chilean and Hamburg-based firms will put pen to paper onthe deal tomorrow, according to a report in German daily Die Welt today.
Hapag-Lloyd and CSAV signed a non-binding memorandum ofunderstanding at the end of January approving the union subject to completionof due diligence.
The deal will become binding this week and close by the endof the year.
Last month shareholders of Luksic family-controlled CSAVapproved the move that will see it form around 30% of the unified entity.
The tie up will create the world’s fourth-largest lineroperator controlling 200 boxships and annual revenue of nearly EUR 9bn ($12bn).
