The transfer of ownership of the Mercosul Line – from Maersk Line to CMA CGM – was completed on Friday, marking the closing of the acquisition.
This follows an announcement in June this year of a binding agreement between the two shipping lines for CMA CGM’s acquisition of the line which operates in Brazil's domestic container shipping market, with a fleet of four container vessels and a staff of around 290 people.
The agreement was subject to Brazilian regulatory approval and the closing of Maersk's Hamburg Süd acquisition, both of which have now been finalised.
Søren Toft, COO of AP Moller Maersk, said the transaction would ensure that the cabotage sector in Brazil remained competitive.
