{"id":8432,"date":"2025-04-26T19:02:17","date_gmt":"2025-04-26T19:02:17","guid":{"rendered":"https:\/\/krogragg.com\/?p=8432"},"modified":"2025-04-26T19:02:17","modified_gmt":"2025-04-26T19:02:17","slug":"cma-cgm-acquires-majority-stake-in-south-americas-largest-container-terminal","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=8432","title":{"rendered":"CMA CGM Acquires Majority Stake In South America\u2019s Largest Container Terminal"},"content":{"rendered":"

CMA CGM Acquires Majority Stake In South America\u2019s Largest Container Terminal
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Image Credits: CMA CGM\/Facebook<\/figcaption><\/figure>\n

CMA CGM, a leading worldwide shipping company, has now become the controlling shareholder of Santo Brasil Participa\u00e7\u00f5es S\/A, after securing a 51% stake in the company.<\/p>\n

The finalisation of the deal was done on April 24, 2025 and the transaction was completed at a share price of BRL 13.60.<\/p>\n

CMA CGM purchased approximately 47.9% of Santos Brasil\u2019s shares during the acquisition, adding to the 3.1% stake already held by one of its affiliates since September 2024.<\/p>\n

With this, the Group now controls a total of 51% of the company.<\/p>\n

After the completion of the deal, CMA CGM announced that, through its subsidiary CMA Terminals Atlantic SA, it will launch a mandatory tender offer to buy out the remaining outstanding shares of Santos Brasil.<\/p>\n

The offer will match the price paid for the Opportunity stake, adjusted by the SELIC interest rate until the settlement of the tender offer.<\/p>\n

Additionally, CMA CGM plans to change Santos Brasil\u2019s public company registration with the Brazilian Securities and Exchange Commission (CVM) to Category \u201cB\u201d.<\/p>\n

This would remove the company from the Novo Mercado segment of Brazil\u2019s stock exchange B3.<\/p>\n

However, this registration change will only move forward if an independent valuation confirms that the minimum share price matches or is below the transaction price, adjusted by the SELIC rate.<\/p>\n

CMA Terminals Atlantic SA also retains the right to waive this condition at its sole discretion before formally filing the tender offer with CVM.<\/p>\n

To begin this process, Santos Brasil has scheduled an Extraordinary General Shareholders Meeting for April 29, 2025, where an independent appraiser will be appointed to conduct the valuation as required.<\/p>\n

Santos Brasil is the operator of Tecon Santos, South America\u2019s largest container terminal, located at the Port of Santos.<\/p>\n

The terminal currently handles around 40% of Brazil\u2019s containerised cargo and has an annual handling capacity of 2.5 million TEUs, with expansion plans aiming to reach 3 million TEUs soon.<\/p>\n

Along with Tecon Santos, the company manages eight other important assets across Brazil, offering container handling, liquid bulk operations, vehicle handling, and logistics services.<\/p>\n

Rodolphe Saade, CEO of CMA CGM Group, stated that this investment represents a strong commitment to strengthen the company\u2019s relationship with Brazil and supporting its economic growth.<\/p>\n

The transaction, valued at approximately $2 billion, is expected to bring new investments to Santos Brasil\u2019s terminals.<\/p>\n

CMA CGM plans to expand the terminals\u2019 capacity and improve services for exporters and importers in Brazil.<\/p>\n

Reference: CMA CGM<\/em><\/p>\n<\/div>\n

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CMA CGM Acquires Majority Stake In South America\u2019s Largest Container Terminal Image Credits: CMA CGM\/Facebook CMA CGM, a leading worldwide shipping company, has now become the controlling shareholder of Santo Brasil Participa\u00e7\u00f5es S\/A, after securing a 51% stake in the company. The finalisation of the deal was done on April 24, 2025 and the transaction […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194,196],"tags":[197],"class_list":["post-8432","post","type-post","status-publish","format-standard","hentry","category-marine-insight","category-shipping-news","tag-marine-insight"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/8432"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8432"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/8432\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}