+
CMA CGM to acquire 48% of Santos Brasil for $1.2 bn, plans takeover bid
PORTS & SHIPPING

CMA CGM to acquire 48% of Santos Brasil for $1.2 bn, plans takeover bid

French shipping giant CMA CGM has reached an agreement to acquire a 47.6 per cent stake in the port terminal operator Santos Brasil for $1.2 billion, with plans to initiate a takeover bid for the remaining shares, according to a securities filing by the Brazilian firm.

As part of the deal, CMA CGM will purchase approximately 215 million shares and nearly 40 million Global Depositary Receipts of Santos Brasil from Brazilian asset manager Opportunity at a price of 15.30 reais each, the filing stated.

This price represents a 20% premium over the closing price of 12.71 reais for Santos Brasil shares.

Additionally, the French company has committed to launching a tender offer for the remaining shares of Santos Brasil at the same price, as indicated in the filing.

French shipping giant CMA CGM has reached an agreement to acquire a 47.6 per cent stake in the port terminal operator Santos Brasil for $1.2 billion, with plans to initiate a takeover bid for the remaining shares, according to a securities filing by the Brazilian firm. As part of the deal, CMA CGM will purchase approximately 215 million shares and nearly 40 million Global Depositary Receipts of Santos Brasil from Brazilian asset manager Opportunity at a price of 15.30 reais each, the filing stated. This price represents a 20% premium over the closing price of 12.71 reais for Santos Brasil shares. Additionally, the French company has committed to launching a tender offer for the remaining shares of Santos Brasil at the same price, as indicated in the filing.

Next Story
Infrastructure Energy

Private Sector Builds India’s First Heavy Water Test Facility

In a major stride towards nuclear self-reliance, India’s first privately built test facility for upgrading depleted heavy water has been commissioned by TEMA India Ltd. The facility was inaugurated by Shri Rajesh V, Director – Technical, Nuclear Power Corporation of India Ltd (NPCIL), and Shri K. T. Shenoy, Director, Chemical Engineering Group, BARC. Developed under a technology transfer from BARC and a purchase order from NPCIL, the unit represents a landmark in public-private collaboration and supports the government’s Atma-Nirbhar Bharat initiative.Previously, critical testing for hea..

Next Story
Infrastructure Energy

Coal Ministry Pushes Digital Drive With SWCS Training Session

In a bid to accelerate digital transformation in the coal sector, the Ministry of Coal conducted a hands-on training workshop and interactive session on the Exploration Module of the Single Window Clearance System (SWCS) on 25 July 2025. Held at Tagore Chamber, SCOPE Complex, New Delhi, the session aimed to deepen stakeholders’ understanding of the module’s functionalities and encourage its use for efficient exploration-related submissions and approvals.Ms Rupinder Brar, Additional Secretary and Nominated Authority (AS & NA), chaired the session and stressed the vital role digital plat..

Next Story
Infrastructure Urban

India Enhances Cyber Defences for Critical Infrastructure

The Government of India remains acutely aware of the cyber threats facing the country’s digital and physical infrastructure. Its policies are focused on fostering a safe, trusted, and accountable cyberspace for all users. Several initiatives are being implemented to strengthen cyber security across critical sectors such as power, transport, and banking, ensuring their continuous and secure operation.The Indian Computer Emergency Response Team (CERT-In) and the National Critical Information Infrastructure Protection Centre (NCIIPC) undertake cyber security audits under the Information Technol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?