MSC has taken control of 100% of the Portonave Container Terminal at the Port of Navegantes, one of Brazil’s most important export ports and a vital gateway for food exports.
MSC’s sister company Terminal Investment Limited (TIL) paid out BRL1.30bn (US$393m) to buy out Triunfo, which previously controlled the other 50% of the port.
The Brazilian antitrust authority and regulator has not yet approved the sale and their decision is dependent upon whether the deal meets a set of requirements.
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