CMPort Successfully Transferred 22.55% Equity Share of TCP to CPD Fund and CLAC Fund
On 15th January 2020, China Merchants Port Holdings Co., Ltd. ("CMPort", HKSE Code: 00144), China-Portugal Cooperation Development Fund ("CPD Fund", managed by China-Africa Development Fund "CAD Fund"), and China-LAC Cooperation Fund ("CLAC Fund") held a signing ceremony to celebrate successful transfer of equity share of the Terminal De Containeres de Paranaguá ("TCP") in Brazil. Mr. Deng Renjie, Executive Vice President of China Merchants Group, Mr, Bai Jingtao, Managing Director of CMPort, Mr. Liu Yong, Chief Economist of China Development Bank, Mr. Ning Yong, Deputy Governor of the Export-Import Bank of China, Mr. Song Lei, Chairman of CAD Fund, and Mr. Yan Qifa, CEO of CLAC Fund and other representatives joined the signing ceremony.
CMPort acquired 90% share of TCP on 4th September 2017. CMPort has been negotiating on TCP’s share transfer with CPD Fund and CLAC Fund in the 2nd half of 2018, the parties signed share transfer agreement at the end of 2019. According to the agreement, the CPD Fund and CLAC Fund indirectly acquired 22.55% share of TCP.
This equity transfer is the first time for CMPort to bring in strategic investors for its overseas existing terminal assets. This strategic cooperation further optimized TCP’s current equity structure and cements CMPort future development of port infrastructure in Latin America region and worldwide together with strategic investors.
The ceremony was host by Mr. Huang Chuanjing, Deputy General Manager and Secretary of the Board of China Merchants Port Group Co.,Ltd.( "CMPG" ). Mr. Lu Yongxin, Vice President of CMPG, Mr. Zhou Chao, Vice President of CAD Fund, Ms. Jin Guangze, Senior Expert of CAD Fund, Ms Jing Chunmei, Assistant General Manager of China Export-Import Bank of China, Mr. Li Rui, Director of Investment Management Department of Export-Import Bank of China, Mr. Yang Hongchao, Investment Director of CLAC Fund and other executives from CMPG Business Development, Finance and CAD Fund and CLAC Fund.
About TCP
TCP is located in the Port of Paranaguá, Paraná State of Brazil. It is the second largest container terminal in Brazil in terms of throughput capacity. By the end of 2019, TCP successfully completed its expansion project which brought its annual capacity from 1.5million to 2.4 million TEU. TCP’s concession lasts till year 2048.
About CPD Fund
CPD Fund was founded in June 2013 with total asset under management at US$ 1billion. CPD Fund focus on investment in China (including Macao SAR) and Portuguese speaking countries, and is playing an active role to help and promote global development for various enterprises, thus helping global economic growth.
About CLAC Fund
CLAC Fund was jointly founded by the Export-Import Bank of China (60%) and Chinese State Administration of Foreign Exchange (40%). It was put into operation by July 2014 during President Xi Jinping’s visit to Brazil. It’s a private equity fund with investment focus on the Caribbean and Latin America Region.
