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CMA CGM buys 48% of port terminal company 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 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 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 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
CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid
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.
CMA CGM buys 48% stake in Brazil’s biggest terminal operator
Santos is the largest terminal operator in Brazil. It owns three container terminals in Brazil as well as a vehicle and a liquid bulk terminal and three logistics facilities, CMA CGM said. Its flagship asset is the Tecon Santos terminal, Brazil's largest container handler.
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 to pursue further expansion after Brazilian port operator deal
CMA CGM has said it will pursue more acquisitions despite the spectre of higher taxes on large companies in its home market, as the French shipping group announced a $1.1bn investment in a Brazilian port terminal operator.
Reuters
1d
France's CMA CGM to acquire Brazil's top container terminal in $2 bln deal
Santos
Brasil
shares surge 15% CMA CGM to pay $1.1 bln for a 47.6% stake in
Santos
Brasil
To launch takeover offer for rest of shares on deal close Initial deal expected to close in Q1, 2025 ...
12h
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 ...
MercoPress
1d
French shipping giants to buy over Brazilian port of Santos' container terminal
Brazil's Opportunity investment group reached an understanding with French giants CMA CGM for the sale of its stake in the ...
Shipping Herald
1d
CMA CGM to acquire a c.48% stake in Santos Brasil
Santos Brasil is the leading terminal operator in Brazil with 8 strategic assets in container, liquid, and vehicle handling ...
2d
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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