What is a takeover bid?

A takeover bid is an offer made by an individual or company to purchase another company's shares, typically at a premium over the current market price, to gain control of that company.

What are Global Depositary Receipts?

Global Depositary Receipts (GDRs) are financial instruments that allow investors to hold shares in foreign companies, making it easier to trade on local stock exchanges.

What is a securities filing?

A securities filing is a formal document submitted to regulatory authorities, such as the SEC, detailing information about a company's financial status and other relevant data.

What is a premium in finance?

In finance, a premium refers to the additional amount paid over the market price for an asset, often used in the context of options or takeover bids.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid

Finance

CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid

Published by Uma Rajagopal

Posted on September 23, 2024

1 min read

Last updated: January 29, 2026

CMA CGM shipping container terminal representing CMA CGM's takeover of Santos Brasil - Global Banking & Finance Review — This image depicts a CMA CGM shipping container terminal, symbolizing the French firm's recent $1.2 billion acquisition of a 48% stake in Santos Brasil, enhancing its market position in global logistics.

CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid

Quick Summary

Frequently Asked Questions about CMA CGM agrees to buy 48% of Santos Brasil for $1.2 billion, will launch takeover bid