CMA CGM Group has signed an irrevocable agreement to acquire approximately 48% of Santos Brasil Participações S/A, a key Brazilian multi-terminal operator.
This strategic investment aims to bolster CMA CGM’s presence in Brazil, particularly at Santos Brasil’s five terminals, including South America’s largest container terminal, Tecon Santos, which handles 40% of Brazilian container volumes.
Santos Brasil operates eight major assets along the Brazilian coast, generating significant revenues and EBITDA. CMA CGM plans to enhance its operations at these terminals, increasing capacity and service quality, while continuing to pursue a decarbonization strategy.
The transaction is expected to close in Q1 2025, pending regulatory approvals, after which CMA CGM will initiate a mandatory tender offer for the remaining Santos Brasil shares. This move reinforces CMA CGM’s goal of integrating Brazil as a vital hub in its global operations.