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CMA CGM to pursue further acquisitions
CMA CGM to pursue further acquisitions after Brazilian port operator deal
Cash-rich CMA CGM, the world’s third-biggest shipping group, has been expanding into new areas such as logistics and media, and on Monday said it had agreed to acquire a 48 per cent stake in Santos Brasil, with a view to ultimately taking over the group.
CMA CGM to Buy $1.2 Billion Stake in Brazil Port Operator Before Launching Takeover
The French shipping group agreed to buy a 48% stake in Brazilian terminal operator Santos Brasil Participacoes and plans to acquire the remaining shares as it looks to boost its presence in the country amid increasing demand.
CMA CGM Planning to Acquire Operator of Brazil's Largest Shipping Terminal
The deal was first announced on September 22, with CMA CGM aiming to pay 6.3 billion reais ($1.13 billion) up front to buy a 47.6% stake in Santos Brasil.
CMA CGM to acquire a 48% stake in multi-terminal operator Santos Brasil
The CMA CGM Group 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 listed Brazilian multi-terminal operator.
CMA CGM to acquire nearly half of Brazilian port terminal operator
Santos Brasil manages 3 Container Terminals, 1 Vehicle Terminal, 1 Liquid Bulk Terminal, and 3 Logistic Facilities.
CMA CGM buys 48% of port terminal company Santos Brasil, to launch takeover bid
SAO PAULO/PARIS (Reuters) -French shipping giant CMA CGM plans to launch a full takeover bid for port terminal operator Santos Brasil after it agreed to buy a 48% stake in the company, it said on Monday as it further expands its grip on global shipping infrastructure.
CMA CGM acquires 48% stake in Brazil port terminal operator Santos Brasil
French shipping giant CMA CGM has acquired 48 per cent stake in Brazilian port terminal operator Santos Brasil Participacoes, for about $1.15bn
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Shipping Billionaire Saade’s M&A Spree Reaches Brazil Ports
French shipping giant CMA CGM SA, backed by the billionaire Saade family, is vying to take full control of Brazilian ports ...
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on MSN
Shipping giant CMA CGM open to French windfall tax, CEO says
Shipping group CMA CGM is ready to contribute to any windfall tax on major companies that the new French government may adopt ...
Cyprus Mail
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CMA CGM Cyprus clears trash from Limassol beach on World Cleanup Day
On the occasion of World Cleanup Day, observed on September 20, 2024, CMA CGM Cyprus participated in this special global ...
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Billionaire Saade’s M&A spree reaches Brazil
French shipping giant CMA CGM SA, backed by the billionaire Saade family, is vying to take full control of Brazilian ports ...
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