CMA CGM to acquire 48% stake in Santos Brasil
NewsCMA CGM has signed an agreement to acquire a 48% stake in Santos Brasil, a multi-terminal operator managing key assets across Brazil’s ports.
China Ocean Shipping Group (Cosco) and China Shipping Group (CSG), which have estimated combined revenues of US$40B are to merge. Discussions between the two groups and China’s government have been taking place since August and were agreed by the State Council’s State-owned Assets Supervision and Administration Commission on 11 December.
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