9 Articles
9 Articles
CMA CGM Acquires Majority Stake In South America's Largest Container Terminal
Image Credits: CMA CGM/Facebook CMA CGM, a leading worldwide shipping company, has now become the controlling shareholder of Santo Brasil Participações S/A, after securing a staggering 51% stake in the company. The finalisation of the deal was done on April 24, 2025 and the transaction was completed at a share price of BRL 13.60. CMA CGM purchased approximately 47.9% of Santos Brasil’s shares during the acquisition, adding to the 3.1% stake alre…
CMA CGM Group Completes Acquisition of Controlling Stake in Santos Brasil
CMA CGM Group Completes Acquisition of Controlling Stake in Santos Brasil (IN BRIEF) CMA CGM Group has completed its acquisition of 47.9% of Santos Brasil, increasing its stake to 51% and becoming the controlling shareholder. Following the acquisition, CMA CGM will launch a mandatory tender offer for the remaining shares, with conditions based on the price paid for the Opportunity transaction, adjusted by the SELIC rate. CMA CGM also plans to co…
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