Brazil 's competition regulator has given unrestricted approval for China Merchants Port Holdings ( CMPH ) to buy its container operator TCP Participações . CMPH was looking to buy a 90 % stake in delta , which is Brazil 's most profitable container port , for $ 887 m as part of a Latin American deal . CMPH is also looking to invest up to $ 1.12bn in developing and constructing a major port in Sri Lanka . As we concluded in 2015 , China is investing heavily in overseas ports to increase its maritime power and open up new shipping routes .
Brazil's competition regulator has given unrestricted approval for China Merchants Port Holdings (CMPH) to buy its port operator TCP Participações. CMPH was looking to buy a 90% stake in TCP, which is Brazil's most profitable container terminal, for $887m as part of a Latin American expansion. CMPH is also planning to invest up to $1.12bn in developing and running a major port in Sri Lanka. As we highlighted in July, China is investing heavily in overseas ports to increase its maritime power and open up new shipping routes.