Belt & Road to Brazil? China buys another port

State-owned China Merchants Port agrees to buy controlling stake in TCP, operator of Brazil's second largest port, as Beijing extends its influence to another debt-laden country.

Brazil’s second-largest container port will be in Chinese hands after state-owned China Merchants Port agreed a $920 million deal, sealing its second port acquisition in less than two months and extending China’s collection of overseas port assets.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media