China Merchants given go-ahead to buy TCP Participações

TCP operates the container terminal concession in the Port of Paranaguá (pictured) Photo: Deyvid Aleksandr Raffo Setti (idealizador) e Eloy Olindo Setti (executor)/Wikimedia Commons/CC BY-SA 3.0

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.

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