SANTOS BRASIL ANNOUNCES SALE TO FRENCH CMA CGM WORTH BRL 6.3 BILLION

For BRL 6.3 billion CMA CGM, the third-largest shipping company in the world, bought Santos Brasil, the biggest container port operator in Brazil. Completion of the sale depends still on CADE and Antaq’s approval. Apart from Tecon Santos, the largest container facility in Latin America, the Opportunity group owns and manages Santos Brasil, which maintains port terminals in SC, PA, and MA. The French-based CMA CGM helps the port business to become more verticalised.
Source: CNN Brasil (*Translated by Ia Niani)