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Embraport in Brazil to become DP World Santos

DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP).
DP World has bought a 100% stake in Embraport in Brazil, the terminal will be re-branded as DP World Santos (Image illustrative only).
DP World has bought a 100% stake in Embraport in Brazil, the terminal will be re-branded as DP World Santos (Image illustrative only).

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Embraport in Brazil to become DP World Santos

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DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP).

This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos.

DP World Santos is the largest Brazilian private multi-modal port terminal and operates in the Port of Santos, which is the busiest container port in Latin America handling 3.4m TEU in 2016 and has strategic access to sea, road and rail, and 90% of the cargo is destined for Brazil’s most populous city, São Paulo.

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DP World Santos has an annual capacity of 1.2 million TEU (twenty-foot equivalent units) and the first phase of the project has created 653 meters of wharf, 207,000 square meters of terminal area.

Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World, said: “We are delighted to fully consolidate our stake in DP World Santos and to underline our commitment to the Port of Santos and the future of trade in Brazil.”

“DP World has become a major player in the South American infrastructure sector with a network of container terminals in Peru, Dominican Republic, Argentina, Ecuador and Suriname and we remain committed to our role as a global trade enabler and targeting a broader strategy to grow complementary sectors in the global supply chain,” he added.

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