SAAM acquires Intertug

SAAM acquires Intertug

M&A Debt Equity Capital Markets Chile Colombia Mexico Central America Andean

Chilean logistics company SAAM has struck a deal to buy Intertug Investment Holding, a towage services company with operations in Colombia, Mexico and Honduras. SAAM will spend $54.5 million for 70% of Intertug, based on an enterprise value of $98 million, and carry out the acquisition through a capital increase and a share purchase, it said in a securities filing. It also said it will enter the Colombian market through the acquisition and add to its business in Mexico and Central America. Inter

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