Maersk Line has completed the divestment of Mercosul Line, a subsidiary of Hamburg Süd, which the company recently bought for €3.7 billion. Maersk has sold the Brazilian container shipping business to CMA CGM.
The Mercosul binding agreement was subject to Brazilian regulatory approval and the closing of Maersk’s Hamburg Süd acquisition, both of which have now been finalised.
“Mercosul is a highly respected and well-run company with an excellent fleet and customer value proposition,” said Søren Toft, chief operating officer, AP Moller – Maersk. “It has been a valued brand in our portfolio and we wish the company and its dedicated people the best in the future.”