French Shipping Giant CMA CGM Acquires Santos Brasil, Operator of LatAm's Largest Port

French Shipping Giant CMA CGM Acquires Santos Brasil, Operator of LatAm's Largest Port

In a landmark deal, French shipping giant CMA CGM has acquired Santos Brasil for R$6.3 billion ($1.15 billion). The total transaction could reach R$13.2 billion ($2.4 billion) if all shareholders accept the offer. CMA CGM purchased a 48% stake from Opportunity, paying a 20.4% premium over the stock price. Santos Brasil’s shares closed at R$12.71 […]

CMA CGM launches campaign to take control of Santos Brasil terminals - The Loadstar

CMA CGM has embarked on a quest to acquire Brazil’s largest port terminal operator Santos Brasil, after agreeing to buy almost 48% of the firm from Brazilian fund manager Opportunity. Santos Brasil operates three box terminals in South America’s largest country – flagship operation Tecon Santos, in the chief container gateway of Santos, as well smaller facilities at Vila do Condo, at the mouth of the Amazon, and Tecon Imbituba, in ... The post C…

CMA CGM buys 48% of port terminal company Santos Brasil, to launch takeover bid

FRENCH shipping giant CMA CGM plans to launch a full takeover bid for port terminal operator Santos Brasil after it agreed to...

CMA CGM acquires 48 per cent share in Santos Brasil

CMA CGM has agreed to acquire a 48 per cent stake in Santos Brazil, a major listed Brazilian multi-terminal operator, from Opportunity Funds.

CMA CGM moves to take over port operator Santos Brazil

French liner giant CMA CGM has laid the foundation for the takeover of Brazilian port terminal operator Santos Brasil Participacoes. The Rodolphe Saadé-led carrier is buying a 48% stake for about $1.15bn with plans to launch an offer for Santos Brasil’s remaining shares after the initial transaction closes during the first quarter of 2025. “This …