CMA CGM agrees to buy 48% of Santos Brasil for $1.2 bln, will …
WEB2 days ago · Shares of Santos Brasil surged around 15% on the news, outpacing Brazil's benchmark stock index Bovespa , opens new tab, which slipped 0.5% in early Monday trading.
CMA CGM To Acquire Brazil's Largest Container Terminal For $2 …
WEB1 day ago · By MI News Network September 24, 2024 Shipping News. CMA CGM, the French shipping company, has announced plans to acquire Santos Brasil, a Brazilian port terminal operator, for up to $2 billion. CMA CGM will get control over South America’s largest container terminal, Tecon Santos, located at the Santos port in São Paulo state.
CMA CGM buys significant stake in Santos Brasil - Container News
WEB2 days ago · French shipping group CMA CGM will acquire a 48% stake in Santos Brasil, a major Brazilian multi-terminal operator. The CMA CGM Group announced the signing of a definitive and irrevocable agreement to buy a c.48% stake in Santos Brasil Participações S/A from funds managed by Opportunity. “I am pleased that the …
CMA CGM to Buy 48% Stake in Santos Brasil, Launch Tender …
WEB2 days ago · The world’s third-largest container line reached a cash deal to buy 48% of Santos Brasil from Opportunity Asset Management Ltda for around 6.3 billion reais ($1.1 billion) and plans to launch a ...
Opportunity sells stake in Santos Brasil to CMA CGM for R$6.3bn
WEB2 days ago · Opportunity has sold its stake in port operator Santos Brasil to French global shipping group CMA CGM for approximately R$6.33 billion. The transaction involves a 47.55% stake in the company, but the remaining shares may still be acquired through a public tender offer. The news was first reported by Valor Pro, Valor’s real-time service.
CMA CGM | Acquisition
WEB2 days ago · CMA CGM to acquire a c.48% stake in Santos Brasil, multi-terminal operator including South America’s largest container terminal in the Port of Santos. Ports and Terminals. - Santos Brasil is the leading terminal operator in Brazil with 8 strategic assets in container, liquid, and vehicle handling and logistics services across the country. Its ...
CMA CGM launches campaign to take control of Santos Brasil …
WEB2 days ago · According to S&P’s CapitalIQ platform, in the past 12 months to the end of June, Santos Brasil earned revenues of R2.5bn ($453.7m) and an Ebitda of R1.11bn ($201m), representing a 43.7% margin. With 864m shares issued, Santos Brasil had a market cap of R10.9bn ($1.98bn) at R12.71 per share.
CMA CGM to acquire a c.48% stake in Santos Brasil, multi …
WEB2 days ago · The CMA CGM Group, global player in sea, land, air and logistics solutions, has announced the signing of a definitive and irrevocable agreement to acquire a c.48% stake in Santos Brasil Participações S/A (« Santos Brazil »), a prominent listed Brazilian multi-terminal operator, from funds managed by Opportunity.
CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will ...
WEB2 days ago · French shipping giant CMA CGM agreed to buy 47.6% of port terminal operator Santos Brasil for 6.3 billion reais ($1.2 billion), and will launch a takeover bid for the remaining stake, the Brazilian firm said on Sunday in a securities filing. Under the agreement, CMA CGM would buy some 215 million shares and nearly 40 million Global Depositary Receipts of Santos Brasil from Brazilian asset ...
CMA CGM to Buy $1.2 Billion Stake in Brazil Port Operator Before ...
WEB2 days ago · According to a securities filing from Santos Brasil on Sunday, CMA CGM will buy around 215 million shares for 15.30 reais each in cash and 40 million global depositary receipts—equivalent of 199 ...
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