News / China's port operator swoops on Brazilian JV operating container facilities at Paranagua

CMPort, the port-operating subsidiary of state-owned China Merchants Holdings has made its first investment in Latin America, announcing this morning that it is to buy a 90% stake in the Brazilian joint-venture that operates the container facilities in the port of Paranagua.

The shareholders of TCP Participações (TCP) – 50% owned by Advent International and 50% by a consortium comprising Galigrain, Grup Maritim TCB (now part of APM Terminals), Pattac, Soifer and TUC Participações Portuárias – this morning announced the signing ...