Terminal Link is set to buy the Brazilian terminal operator Libra Terminais, according to Brazilian media reports and a local source familiar with the matter.
Terminal Link is jointly owned by CMA CGM (51%) and China Merchant Holdings International (49%) and both companies have individually been trying to buy Brazilian terminals for several years.
China Merchants recently bought 90% of Terminal de Conteineres de Paranagua (TCP) and CMA CGM nearly bought Sepetiba Tecon in 2015 but the asking price was too much.
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