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CHINA MER PORT (00144.HK) intends to purchase 70% equity in Brazil's Vast, with the adjusted final purchase price not exceeding 0.714 billion USD.
On February 28, Gelonghui reported that CHINA MER PORT (00144.HK) announced that on February 28, 2025, the company and the buyer (a wholly-owned subsidiary of the company) entered into a stock purchase agreement with the seller and Vast, under which the buyer agreed to conditionally purchase shares from the seller, accounting for 70% of the total share capital of Vast. Upon completion of the transaction, the company will hold 70% of the total share capital of Vast through the buyer, while the remaining 30% of Vast's total share capital will be held by Prumo. Vast will become an indirect subsidiary of the company, and its financial performance will be incorporated into the group's financial performance.
Express News | China Merchants Port - Final Purchase Price After Adjustments Shall in Any Event Not Exceed USD714 Mln
Express News | China Merchants Port Holdings - Acquisition of Vast in Brazil
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