In Brazil, the competition authority Conselho Administrativo de Defesa Econômica (CADE) - the Administrative Council for Economic Defense - has given its unrestricted approval to the purchase by China Merchants Port Holdings (CMPH) of port operator TCP Participações. The announcement was made in the Official State News Publication.
China Merchants Port Holdings (CMPort) is set to acquire a 90% stake in Terminal de Contêineres de Paranaguá (TCP) from the Brazilian terminal’s founding shareholders and global private equity company Advent International.
Advent International is said to be considering a sale of its stake in the Brazilian container port, Terminal de Conteineres de Paranagua SA, according to local sources.
Terminal de Contêineres de Paranaguá (TCP) has signed a contract extension with the Secretaria de Portos (SEP), the Brazilian government body, which includes an investment plan of R$1.1 billion (US$310 million).
Terminal de Contêineres de Paranaguá (TCP) is helping to set new standards for container ports in South America by putting paid to the reputation that all Brazilian ports are expensive and slow.
With more than 30,000 people working across our organisation, our people are our world. Join our Por... Read more
ABP is the UK's leading port operator, with a unique network of 21 ports across England, Scotland an... Read more
Support ongoing Marine projects in all aspects (logistics, HSE, contractor management, budget & cost... Read more
We are looking for a Marketing & Audience Development Executive to join our award winning B2B media ... Read more
We are looking for an experienced and talented Digital Marketing Executive to join our award winning... Read more
We are looking for an experienced Sales Executive to join our award winning B2B media company. Merc... Read more