CMA CGM announces acquisition of 48% of Santos Brasil

In a statement published on its website, Santos Brasil informs that it “will become part of one of the largest global shipping and logistics groups” (Disclosure/Santos Brasil)

The shipping company CMA CGM announced this Sunday (22) the acquisition of approximately 48% of Santos Brasil through the purchase of shares from funds and entities managed by Opportunity management companies. The transaction, which still requires approval from the relevant regulatory authorities, is expected to be completed in the first quarter of 2025. Santos Brasil is one of the largest terminals at the Port of Santos.

Once this stage is completed, CMA CGM will launch a Public Offer for Acquisition of Shares (OPA) to all shareholders of the company, aiming to acquire 100% of the circulation shares, at the same price and conditions agreed upon with Opportunity.

For CMA CGM, the investment is strategic, as it expands its presence in Brazil and reinforces its leadership position as a global multi-purpose port terminal operator. Meanwhile, Opportunity concludes a successful trajectory at the helm of Santos Brasil, leaving behind a legacy of significant value creation, initiated with the investment in the acquisition of Tecon Santos in 1997.

The future of Santos Brasil In a statement published on its website, Santos Brasil informs that it “will become part of one of the largest global shipping and logistics groups. It will also enhance its capacity for growth and investment in national infrastructure, reinforcing the company’s commitment to expanding its terminals, improving its operational excellence, the professional development of its employees, job creation, and Brazil’s growth. ”

As the largest container terminal at the Port of Santos, Santos Brasil further clarifies that it “will continue to work for the development” of the country’s largest port asset, “as well as for the other ports where it operates, accelerating investments to meet growing demand. The company will remain under the management of the current board, and its assets will continue to operate as multi-user terminals, enhancing the quality and range of services and serving a diverse clientele. ”

ESG The pursuit of decarbonization is a common goal for both organizations, and the action plan initiated by Santos Brasil in this regard should be maintained and reinforced.

This convergence of values will favor a process of sustainable, balanced integration and continuity of existing projects and initiatives, with transparency and commitment to all stakeholders of the company.

About Santos Brasil Santos Brasil is a reference in port and logistics operations. For 27 years, it has operated Tecon Santos (SP), the largest container terminal in South America and the most efficient in the country. During this period, it has invested over R\$ 9 billion (in real terms), of which approximately R\$ 6 billion was invested in Tecon Santos alone, in acquisitions, expansions, new equipment, and technology, contributing to the development of Brazilian foreign trade.

It operates nationally through eight strategically located terminals — three of which are container terminals (Tecon Santos in SP, Tecon Imbituba in SC, and Tecon Vila do Conde in PA), one vehicle terminal in Santos, one general cargo terminal in Imbituba, and three liquid bulk terminals in Itaqui (MA). Through Santos Brasil Logística, which operates in an integrated manner with the terminals, it offers complete solutions from port to e-commerce to its more than 9,400 clients.