Ownership transfer of Mercosul completed

The transfer of ownership of Brazilian container shipping company Mercosul Line from Maersk Line to CMA CGM was completed at the end of last week. Mercosul has a fleet of four container vessels and employs about 290 people.

The sale by Maersk to CMA CGM was announced in June, subject to Brazilian regulatory approval and the closing of Maersk’s Hamburg Süd acquisition, both of which have now gone through.