State of Paraná

China Merchants Ports buys port of Paranaguá, Brazil

China Merchants Ports has bought 90% of the Brazilian company TCP Participaçoes, which manages the port of Paranaguá, the second largest in the South American country, located in the State of Paraná (south), EFE reported.

The agreement between the two companies closed for about $935 million, TCP Participaçoes said in a statement to the financial market.

In 2016, China Merchants Ports, as a group, had investments in 28 ports and 188 docks for containers, six […]