mercosul

CMA CGM to buy Maersk’s Brazil arm

CMA CGM is to acquire domestic Brazilian line Mercosul from Maersk Line for an undisclosed sum, subject to Brazilian regulatory approval and the closing of Maersk’s Hamburg Süd acquisition. CMA CGM said the purchase would strengthen its service offering to and South America, most notably in Brazil especially cabotage and door-to-door services. Integration of Mercosul within CMA CGM will start at the same time as the Hamburg Süd integration, which ... [+]