CMA CGM buys Mercosul from Maersk Line

Maersk Line has found a buyer for its Brazilian subsidiary Mercosul. The sale paves the way for Maersk Line's acquisition of the major German liner Hamburg Süd.

Maersk Line has been looking for a buyer for its Brazilian liner Mercosul, and now a deal is in place. Container rival CMA CGM will buy the South American subsidiary.

The two major shipping companies decline to reveal the transaction price, they state in a press release.

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