May 01, 2025 [Storage Terminals Magazine]- CMA CGM Group, recognised as a global leader in sea, land, air, and logistics solutions, has successfully completed the acquisition of approximately 47.9 percent of Santos Brasil Participações S/A from funds managed by Opportunity, following the necessary regulatory approvals from Brazilian authorities.

The acquisition was finalised at a price of BRL 13.60 per share, resulting in CMA CGM Group securing a 51 percent stake in Santos Brasil, thereby becoming the company’s controlling shareholder.

As previously announced on September 23, 2024, upon closing this transaction, CMA CGM, through CMA Terminals Atlantic SA, will initiate a mandatory tender offer to acquire all outstanding shares of Santos Brasil at the same price and under the same conditions provided to Opportunity, adjusted by the SELIC rate until the financial settlement of the Tender Offer. Additionally, CMA CGM Group plans to convert Santos Brasil’s registration with the CVM to category “B” and subsequently exit the Novo Mercado segment of B3.

The formal request for Santos Brasil’s registration conversion and exit from the Novo Mercado segment will be submitted by CMA Terminals Atlantic SA only if the minimum price established in an independent appraisal report—conducted in accordance with applicable regulations—does not exceed the transaction price agreed upon with Opportunity, adjusted by the SELIC rate until the financial settlement of the Tender Offer. CMA Terminals Atlantic SA retains the right to waive this condition at its discretion until the filing of the Tender Offer with the CVM.

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