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CMA CGM to pursue further acquisitions
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.
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,
CMA CGM acquires stake in Brazil’s largest port operator
CMA CGM, the French shipping and logistics group, has announced a significant expansion of its operations in South America, signing a definitive agreement to acquire a 48% stake in Brazil’s leading terminal operator, Santos Brasil Participações S/A.
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 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
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 per cent stake in the company, it said on Monday (Sep 23) as it further expands its grip on global shipping infrastructure.
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 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.
6d
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 ...
MercoPress
5d
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 ...
Reuters
6d
France's CMA CGM to acquire Brazil's top container terminal in $2 bln deal
CMA
CGM
will pay 6.3 billion reais ($1.13 billion) for a 47.6% stake in Santos Brasil, and then on closing launch a takeover offer for the remaining shares. "
Brazil
is a country that is growing ...
4d
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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