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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 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.
1d
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 ...
American Songwriter
8h
Lainey Wilson Shares Her Pick to Win Entertainer of the Year at the 2024 CMA Awards
During a recent interview, reigning CMA Entertainer of the Year Lainey Wilson shared her pick to win the big prize this year.
3d
Beyoncé’s Mother Tina Knowles Slams A ‘Fake’ Viral Reaction To Dolly Parton’s Comment About The CMA Awards ‘Snub’
Beyoncé’s mother Tina Knowles doesn’t hesitate to protect her famed daughter from public ridicule. So, when she issued a ...
JD Supra
7h
CMA Guidance on Environmental Agreements
KEY TAKEAWAYS - The CMA’s Green Agreements Guidance sets out its approach to applying competition law in relation to agreements ...
6d
Dolly Parton reacts to Beyoncé's CMA Awards snub
Country music legend Dolly Parton shared her thoughts on Beyoncé receiving zero CMA Awards nominations earlier this month for ...
7d
Dolly Parton Doesn’t Think Beyoncé’s ‘Cowboy Carter’ Was ‘Shut Out’ From The CMA Awards, Despite Receiving No Nominations
While the BeyHive are fuming over the “snub,” Dolly Parton feels differently. During an interview with Variety, Dolly Parton ...
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 SAO ...
Sourcing Journal on MSN
5d
LA Port, CMA CGM Say East Coast Strike Unlikely to Pose West Coast Port Disruptions
Neither Gene Seroka nor George Goldman saw evidence that East Coast-bound vessels will be diverted after a possible Oct. 1 ...
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