CMA CGM Completes Strategic Acquisition of Santos Brasil, South America’s Top Container Port Operator
CMA CGM Group has finalized its acquisition of approximately 47.9% of Santos Brasil Participações S/A, a leading port operator in Brazil. Santos Brasil is a prominent port logistics and operations company, providing container terminal services and port facilities across Brazil. This acquisition grants CMA CGM control of South America’s largest container terminal, marking a significant strategic expansion of its global port operations. The transaction was executed at a share price of BRL 13.60 (around US$2.40), following approval from Brazilian regulatory authorities.
With this move, CMA CGM now holds a 51% stake in Santos Brasil, making it the majority shareholder of the company. The ownership includes the 47.9% shares purchased from Opportunity and the 3.1% shares acquired by an affiliate of CMA CGM in September 2024.
Following the completion of this acquisition, CMA CGM, through its subsidiary CMA Terminals Atlantic SA, will initiate a mandatory tender offer to acquire all remaining shares of Santos Brasil at the same price and conditions paid to Opportunity. The company’s Extraordinary General Shareholders Meeting to appoint the appraiser is scheduled for April 29, 2025
Following the completion of this acquisition, CMA CGM, through its subsidiary CMA Terminals Atlantic SA, will initiate a mandatory tender offer to acquire all remaining shares of Santos Brasil at the same price and conditions paid to Opportunity. The company’s Extraordinary General Shareholders Meeting to appoint the appraiser is scheduled for April 29, 2025.
