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CMA CGM acquires majority stake in Santos Brasil, Brazil's leading port infrastructure operator

Sep 24, 2024

Acquiring Company

CMA CGM

Acquired Company

Santos Brasil

MarseilleSao PauloTransportationSupply Chain ManagementLogisticsTransportationLogistics

Description

CMA CGM has acquired approximately 48% of Santos Brasil, Brazil's leading port infrastructure operator and owner of the largest container terminal in South America. This acquisition marks a major step in the Group's port development strategy and strengthens its position as a global operator of multi-user terminals. The acquisition aims to strengthen CMA CGM's presence in Brazil, develop its ports of call at the various Brazilian terminals of Santos Brasil, and improve its offer and the quality of service it provides to the country's exporters and importers in response to growing regional demand.

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Company Information

Company

CMA CGM

Location

Marseille, Provence Alpes Côte D'azur, France

About

Led by Rodolphe Saadé, the CMA CGM Group, a global player in sea, land, air and logistics solutions, serves more than 420 ports around the world across 5 continents, with a fleet of around 623 vessels. The Group transported 21.7 million TEU containers (twenty-foot equivalent units) in 2022. With its subsidiary CEVA Logistics, a global logistics player which transported 522,000 tonnes of air cargo and more than 22 million shipments of inland freight, and its air cargo division CMA CGM AIR CARGO, the CMA CGM Group is constantly innovating to provide customers a comprehensive and increasingly efficient offering, thanks to new shipping, inland, air freight and logistics solutions. Firmly committed to the energy transition in shipping and a pioneer in its use of alternative fuels, the CMA CGM Group has set a Net Zero-Carbon target for 2050. Each year, via the CMA CGM Foundation, the Group supports thousands of children as part of its efforts to promote education for all and equal opportunities. The CMA CGM Foundation also intervenes in humanitarian crises requiring an emergency response by calling on the Group's shipping and logistics expertise to deliver humanitarian supplies around the world. Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs 155,000 people worldwide, including nearly 4,000 in Marseille where its head office is located.

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Frequently asked

Who acquired Santos Brasil?

Santos Brasil was acquired by CMA CGM, based in Marseille. The deal was reported on September 24, 2024. Led by Rodolphe Saadé, the CMA CGM Group, a global player in sea, land, air and logistics solutions, serves more than 420 ports around the world across 5 continents, with a fleet of around 623 vessels. CMA CGM is privately held and operates in Transportation.

When did CMA CGM acquire Santos Brasil?

CMA CGM's acquisition of Santos Brasil was reported on September 24, 2024. CMA CGM has acquired approximately 48% of Santos Brasil, Brazil's leading port infrastructure operator and owner of the largest container terminal in South America. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Santos Brasil do?

Santos Brasil is Brazil's leading port infrastructure operator and owner of the largest container terminal in South America. It is privately held, operating in Transportation, and is based in Sao Paulo.

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