Several firms act on the acquisition of Santos Brasil by CMA CMG
BMA and Skadden represented Brazil-based Opportunity Asset Management on the approximately R$6.3 billion ($1.13 billion) sale of its 48% stake in Santos Brasil Participações—one of Brazil’s major port operators—to the CMA CGM Group, a French shipping and logistics company. Lefosse and Willkie Farr advised CMA CGM Group.
The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals from relevant Brazilian authorities and other customary closing conditions. For more information, please see Santos Brasil’s press release here and CMA CGM Group’s press release here.
The closing of the transaction is subject to conditions precedent customary for transactions of this kind, including Antitrust, ANTAQ and other applicable authorities approvals. Additionally, as a result of the transaction, the French group CMA CGM will following closing of the transaction, present a public tender offer (OPA) for the acquisition of all the remaining shares issued by Santos Brasil Participações, extending to all other shareholders the same conditions and price offered to the funds and vehicles under Opportunity’s management.
BMA Advogados advised Opportunity and relied on partners of several areas Chico Müssnich (pictured left), Hélio Alvarez, Barbara Rosenberg, Marcos Exposto, Ana Cândida de Mello Carvalho, lawyers Leonardo Carneiro R. R. Carvalho.
Skadden relied on partners Filipe Areno (pictured center-left), Paul Schnell (New York) and associates Carlo von Hanstein; all attorneys are located in São Paulo, unless otherwise noted.
In-house counsel to Opportunity: Ana Carolina Silva and Patricia Rodrigues.
Lefosse advised CMA CGM and relied on partners Luiz Octavio Lopes (pictured center-right), Leonardo Diogo Batista, Eduardo Carvalhaes, Gustavo Paes and Paola Pugliese, counsel Karen Coutinho and associates Pedro Simões and Guilherme Almeida.
Willkie Farr advised the same partie and relied on partners Gabriel Flandin (pictured right), Annette Peron senior counsel Daniel Hurstel and associate Marie Aubard.
