CMPort sells part of Brazilian terminal

TCP CPD Fund and CLAC Fund now have a 22.55% equity share of Terminal De Containeres de Paranaguá. Image: TCP

China Merchants Port Holdings Co., Ltd. (CMPort) has sold part of its majority share in a Brazilian container terminal to two Chinese funds.

The company has transferred a 22.55% equity share of the Terminal De Containeres de Paranaguá (TCP) to China-Portugal Cooperation Development Fund (CPD Fund), managed by China-Africa Development Fund (CAD Fund); and China-LAC Cooperation Fund (CLAC Fund). CMPort acquired a 90% share of TCP on 4th September 2017.

CMPort said that the equity transfer “is the first time for CMPort to bring in strategic investors for its overseas existing terminal assets”.

It added: “This strategic cooperation further optimized TCP’s current equity structure and cements CMPort future development of port infrastructure in Latin America region and worldwide together with strategic investors.”

CMPort has been negotiating on TCP’s share transfer with CPD Fund and CLAC Fund in the 2nd half of 2018, the parties signed a share transfer agreement at the end of 2019.

LATEST PRESS RELEASES

Hapag-Lloyd and HHLA to continue collaboration

Hapag-Lloyd AG and Hamburger Hafen und Logistik AG (HHLA) will be continuing their close cooperation... Read more

QPS and GISGRO software integration enables new ways to utilize of hydrographic survey data

Leading maritime software company QPS and GISGRO, an online platform by a Finnish high-tech company ... Read more

TVH pursues CX as a growth strategy

‘Sorry, our entire budget went to excellent customer service.’ That’s what the new billboard on TVH’... Read more

SANY SCDE90K7 Electric ECH Nominated for Top Industry Awar

SANY Europe GmbH are pleased to be able to announce that the SANY SCDE90K7, believed to be the world... Read more

Kuenz enters the US RTG market

A new milestone for Kuenz. Norfolk Southern Railway has ordered six Kuenz Freeriders – 11 Wide and 1... Read more

Kuenz Intermodal Container Cranes for CLIP, Poznan, Poland

The Polish company Centrum Logistyczno Inwestycyjne Poznań II Sp. z o.o. is going to extend its inte... Read more

View all