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 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 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 acquisitions 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.
France's CMA CGM to acquire Brazil's top container terminal in $2 billion deal
By Andre Romani and Gus Trompiz SAO PAULO/PARIS (Reuters) -French shipping giant CMA CGM plans to acquire port terminal operator Santos Brasil in a deal that could reach $2 billion and give it control of South America's largest container terminal,
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CMA Guidance on Environmental Agreements
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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 SAO ...