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CMA CGM to take Santos stake

[ September 24, 2024   //   ]

CMA CGM Group has signed an agreement to acquire a 48% stake in terminal operator Santos Brasil. The company operates five terminals in Brazil, including the largest container terminal in the Port of Santos and the whole of South America, handling 40% of Brazilian volumes, as well as a logistics company. CMA CGM added that it plans to further develop its container liner calls in Brazil. In 2017, the group acquired local shipping operator, Mercosul.

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