CMA CGM Group , a company dedicated to maritime, land, air and logistics solutions, announced the acquisition of approximately 47.9% of Santos Brasil Participações S/A , a Brazilian logistics company dedicated to streamlining container operations, from funds managed by Opportunity.

The transaction was completed at a price of 13.60 reais ($2.39) per share. As a result, the CMA CGM Group became the majority shareholder of Santos Brasil , holding 51% of the shares.

As announced last September, and as a result of the closing of the transaction, CMA CGM, through CMA Terminals Atlantic SA, will launch a mandatory tender offer to acquire all outstanding shares of Santos Brasil for the same price and terms paid to Opportunity, pending the financial settlement of the tender offer.

The CMA CGM Group also indicated that it intends to convert the company’s registration with the CVM to category “B” and, consequently, remove Santos Brasil from the B3 segment of the Novo Mercado.

The company announced that the Extraordinary General Shareholders’ Meeting of Santos Brasil will be held on April 29, 2025 , to appoint the appraiser.

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