Santos Brasil

CMA CGM gains control of South America’s largest container terminal

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/

CMA CGM buys significant stake in Santos Brasil

French shipping group CMA CGM will acquire a 48% stake in Santos Brasil, a major Brazilian multi-terminal operator.

The CMA CGM Group announced the signing of a definitive and irrevocable agreement to buy a c.48% stake in Santos Brasil Participações S/A from funds managed by Opportunity.

“I am pleased that the CMA CGM Group has concluded this strategic agreement for the acquisition of Santos Brasil, which operates five terminals in Brazil, including the largest container terminal in the Port of...

https://container-news.com/cma-cgm-buys-significant-stake-in-santos-brasil/

Tecon Santos expansion project to be completed five years earlier

Santos Brasil has announced that the project which will enhance the capacity of Tecon Santos to 3 million TEUs will be completed five years ahead of the initial schedule.

This operational capacity, initially slated for 2031, will be delivered to the Port of Santos by 2026.

Santos Brasil is moving up the purchase of equipment and accelerating construction work in the yard to reach this milestone. The company’s investment cycle for the expansion and modernization of Tecon Santos, one of the largest...

https://container-news.com/tecon-santos-expansion-project-to-be-completed-five-years-earlier/

Santos Brasil box terminal selects new operating system

Tecon Santos, one of South America’s largest container terminals, managed by Santos Brasil selected OPUS – TOS (Terminal Operating System) software from CyberLogitec, a South Korean company specializing in technological operational solutions for logistics terminals.

The new system, chosen for its simplicity of integration with new technologies, allows the terminal to leverage cutting-edge technologies like OCR (Optical Character Recognition), remotely operated equipment, Digital Twin simulations...

https://container-news.com/santos-brasil-box-terminal-selects-new-operating-system/