The harbour group Chinese CMPort will buy 90% of the Brazilian Terminal de Contêineres of the Paranaguá



The negotiations lead from the harbour group have been concluded positively Lower Merchants Port Holdings Co. (CMPort) in order to acquire a participation in the Brazilian Terminal de Contêineres of the Paranaguá (TCP), society that manages according to container the terminal of the Brazilian port of Paranaguá with a concession contract with expiration in 2048.

According to the advances of it prints Brazilian of some month makes, the Chinese group would have dealt the acquisition of the imprisoned participation indirectly in the terminalista company from the American bottom Advent International, quota pairs to 50% of the capital of the Latin American society and that - had announced in recent days the Brazilian TCP Participações, company that directly stops 100% of the capital of the terminalista enterprise - she would have had a value of about a billion of dollars.

CMPort and TCP Participações have announced to have signed an agreement based on which the Chinese group will acquire 90% of the capital stock of TCP, quota constituted from 7.611.333 common stocks, for 2,9 billion real (920 million dollars).

To conclusion of the remaining operation 10% of the capital of TCP Participações will be subdivided between the Brazilians Soifer Participações Societárias S.A., Pattac Empreendimentos e Participações S.A e Tuc Participações Portuárias S.A.

Specifying the motivations of the transaction, the parts have explained that during the last few years Merchants Port Lowers is getting ahead an aggressive one slowly of international expansion and an important step of this program is the income in an important emergent region as that of the Latin America. In such within Brazil, that it is one of the countries economically more important of the South American continent, constitutes the ideal entry point for the development of a platform for the business of CMPort in the region.

Currently the Terminal de Contêineres of the Paranaguá, that it has three docks for a total of 879 linear meters of approaches with depth of the backdrop of -12,3 meters, has a annual ability to containerized trade pairs to 1,5 million teu that in future it will be elevated to 2,4 million teu with the performance of works of widening of the terminal that, second the forecasts, will be under way within the end of this year for being capacities to term in the second half of 2019.

Last year the TCP terminal has enlivened 760 thousand teu regarding 820 thousand teu in 2015.