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Hapag-Lloyd CEO eyes growth via consolidation

The German shipping company is holding merger talks with Chile's Vapores

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Mr Behrendt: 'The aim should be to create something bigger by merging several companies.' - PHOTO: REUTERS

[HAMBURG] German shipping company Ha pag-Lloyd's merger talks with Chile's Vapores may herald further deals with other peers, its chief executive said, as the group strives to catch up with the industry's top three players.

"The aim should be to create something bigger by merging several...

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