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), the company said in its press release.
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. 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.