Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG signed a preliminary agreement to acquire the container liner activities from Compania Chilena de Navegacion Interoceanica S.A. (SNSE:INTEROCEAN) for $160 million on July 25, 2014. Hamburg Süd is also acquiring the agency business of Agunsa Agencias Universales S.A. The Board of Directors of Compania Chilena de Navegacion Interoceanica has unanimously approved the transaction. The deal is subject to consummation of due diligence, execution of a sale & purchase agreement and approval by the competent authorities. The acquisition is scheduled to be executed by the latest on December 31, 2014. The Board of Directors of Agencias Universales S.A, agent of the seller approved the transaction. Compania Chilena de Navegacion Interoceanica's services contract with Agencias Universales - also linked to Urenda - will be brought to an early halt as a result. The transaction will throw up financial profits of around $85 million. Grupo Urenda will continue to operate maritime non-container freight operations and car-carriers. As of December 24, 2014, the transaction was postponed for the first quarter of 2015 as compared to previous expected date of December 31, 2014. The closing of the transaction will be on March 17, 2015.

As of February 14, 2015, Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG entered into a sale and purchase agreement to acquire the container liner activities from Compania Chilena de Navegacion Interoceanica S.A. The transaction is subject to approval by the competent antitrust authorities and is scheduled to become effective by the end of March 2015. The transaction was approved by Fiscalía Nacional Económica (FNE) and all the conditions of the transaction have now been complied with on March 11, 2015. Christian von Lenthe, Arne Burmester, John Hammond, Tim Reher, Christoff Soltau, Ann-Christin Richter, Malte Grützmacher, Matthias Schlingmann and Daniel Ludwig of CMS Hasche Sigle acted as legal advisors for Hamburg Südamerikanische. Jan Hungar and Christopher of Ince & Co acted as legal advisors for CCNI.

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG completed the acquisition of the container liner activities from Compania Chilena de Navegacion Interoceanica S.A. (SNSE:INTEROCEAN) on March 27, 2015.