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