IFLR1000

China Merchants BRL2.9 billion acquisition of the port of Paranaguá

14/9/2017
Private acquisition, Asset acquisition
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R$ 2.9 billion

Completed

14/9/2017

Overview:

  • China Merchants has acquired 90% of the port of Paranaguá for BRL2.9 billion from TCP Participações.
  • The acquisition was undertaken through China Merchant's subsidiary - Kong Rise Development.
  • The port is the second largest container terminal in Brazil.
  • CMPorts is an investment firm, operating ports in China, Hong Kong and Taiwan.
  • BTG Pactual and Morgan Stanley have acted as financial advisors to the selling shareholders, while Santander acted for CMPort.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Brazil

Deal types:

Private acquisition
Asset acquisition

Practice area:

M&A

Governing law:

Brazil

Industry sector:

Shipping

Firms:

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