News / CMA CGM launches campaign to take control of Santos Brasil terminals

CMA CGM has embarked on a quest to acquire Brazil’s largest port terminal operator Santos Brasil, after agreeing to buy almost 48% of the firm from Brazilian fund manager Opportunity.

Santos Brasil operates three box terminals in South America’s largest country – flagship operation Tecon Santos, in the chief container gateway of Santos, as well smaller facilities at Vila do Condo, at the mouth of the Amazon, and Tecon Imbituba, in the far south.

The French carrier has agreed to pay Opportunity ...