CMA CGM Group has confirmed the closing of its acquisition of approximately 47.9% of Santos Brasil Participações S/A (Santos Brasil) from funds managed by Opportunity, following regulatory approvals from relevant Brazilian authorities.
The transaction was completed at a price per share of BRL 13.60 (around US$2.40).
As a result of this move, the French shipping company now holds a 51% stake in Santos Brasil, making it the company’s controlling shareholder. This includes the 47.9% shares acquired...
https://container-news.com/cma-cgm-gains-control-of-south-americas-largest-container-terminal/