DP World has acquired an additional 66.67% interest in Empresa Brasileira de Terminais Portuários (Embraport) from Odebrecht Transport (OTP).
This latest acquisition makes DP World the sole owner of the Embraport terminal, which will be renamed DP World Santos.
The purchase consideration for the transaction is below 5% of DP World’s net asset value in the first half of 2017.
Embraport terminal has a cargo handling capacity to process approximately 1.2 million 20ft-equivalent units (TEU) a year.
Maersk Line has acquired Hamburg Süd for €3.7bn ($4.36bn).
Maersk is a shipping company based in Denmark, while Hamburg Süd is a Germany-based container line.
Maersk Line’s container capacity has increased to 4.15 million TEU as a result of the acquisition.
The two companies aim to achieve operational synergies between $350m and $400m a year starting from 2019.