Rumo Is Said to Mull Stake Sale in Terminal at Top Brazil Port
A worker holds soybeans at the T-Gro Cargo terminal at the Port of Santos in Santos, Brazil, on Wednesday, March 3, 2021.
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
Rumo SA, Brazil’s largest independent railway operator, is weighing the sale of its stake in a terminal located in Latin America’s biggest port, according to people familiar with the matter.
Rumo, which is controlled by energy and infrastructure conglomerate Cosan SA, engaged Banco Itau BBA SA as it considers the sale of the T39 terminal in the port of Santos, said the people, asking not to be named as the talks aren’t public.