CMA CGM Group confirmed the acquisition of 51% of Santos Brasil, the multi-terminal operator that manages the largest container terminal in South America, located in the port of Santos.
CMA CGM’s participation in Santos Brazil
According to the official statement, the group completed the purchase of 47.9% of Santos Brasil shares, at a price of 13.60 Brazilian reais per share, after obtaining the necessary regulatory approvals.
As of the closing of this transaction, CMA Terminals Atlantic, a subsidiary of CMA CGM, launched a mandatory tender offer to obtain the total outstanding shares of Santos Brasil, maintaining the same economic conditions agreed with Opportunity and adjusted according to the SELIC rate.
In addition, the group announced its intention to request the conversion of Santos Brasil’ s registration with the Brazilian Securities and Exchange Commission (CVM) to the “B”category, which would entail the company’s exit from the Novo Mercado segment of the B3 Stock Exchange, subject to the validation of an independent valuation report.
This acquisition translates into an important boost for the Port of Santos, considered the main commercialgatewayto South America. In addition, the multi-terminal operator has a strategic infrastructure that supports Brazilian foreign trade and the expansion of container traffic.
The strengthening of CMA CGM ‘s position in Brazil is consistent with its global strategy of integrating maritime, air and land operations to offer a wide range of integrated logistics solutions to its customers.
An Extraordinary General Shareholders’ Meeting of Santos Brasil has been called for April 29, 2025, in order to appoint the independent appraiser who will evaluate the economic conditions of the offer.
The immediate future of Santos Brasil will be linked to the results of this evaluation and to the course taken by the takeover bid, in a scenario in which CMA CGM is positioning itself as an influential player in Brazilian and regional logistics.
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Source and photo: CMA CGM
