CMA CGM, a leading worldwide shipping company, has now become the controlling shareholder of Santo Brasil Participações S/A, after securing a staggering 51% stake in the company.
The finalisation of the deal was done on April 24, 2025 and the transaction was completed at a share price of BRL 13.60.
CMA CGM purchased approximately 47.9% of Santos Brasil’s shares during the acquisition, adding to the 3.1% stake already held by one of its affiliates since September 2024.
With this, the Group now controls a total of 51% of the company.
After the completion of the deal, CMA CGM announced that, through its subsidiary CMA Terminals Atlantic SA, it will launch a mandatory tender offer to buy out the remaining outstanding shares of Santos Brasil.
The offer will match the price paid for the Opportunity stake, adjusted by the SELIC interest rate until the settlement of the tender offer.
Additionally, CMA CGM plans to change
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