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Brazil port M&A frenzy proves not cheap for MSC, Dubai World

Dubai Ports World Co and MSC Mediterranean Shipping Co SA are seizing on Brazil’s three-year-long recession and rising debt levels among local port operators to bid for marine terminals in one of the world’s top commodity exporters. But their plan will not come cheap.

Half of the 12 terminal and port sales negotiated in Brazil since January 2016 came at a premium to other similar deals in the region. Now people familiar with three of the six ongoing port deals in Brazil are expecting potential sellers to fetch premiums of 20 percent or more for their maritime terminal and port assets.

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