CMA CGM becomes majority shareholder with 51% stake in Santos Brasil
The CMA CGM Group has closed its acquisition of approximately 47.9% of Santos Brasil Participações S/A (Santos Brasil) from funds managed by Opportunity, following regulatory approvals from relevant Brazilian authorities.
Santos Brasil operates multiple terminals, including South America’s largest container terminal in the Port of Santos.
The transaction was completed at a price per share of BRL 13.60. As a result, CMA CGM Group now holds a 51% stake in Santos Brasil, making it the company’s controlling shareholder.
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