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 already held by one of its affiliates since September...