China Merchants sells 22.55% stake in Paranaguá terminal to investment funds

China Merchants Port Holdings (CM Port) has sold a 22.55% stake in southern Brazil’s Terminal De Containeres de Paranaguá (TCP) to the China-Portugal Cooperation Development (CPD) Fund and the China-LAC Cooperation (CLAC) Fund.

This equity transfer is the first time that CMPort has brought in strategic investors for its overseas existing terminal assets.

A statement from the operator noted: “This strategic cooperation further optimised TCP’s current equity structure and cements CMPort future development of port infrastructure in Latin America region and worldwide together with strategic investors.”