Cosan signs agreement to acquire stake in Port of São Luis
Cosan’s subsidiary Atlântico has signed an agreement to acquire a controlling stake in São Luís Port Company SARL from China Communications Construction Company Limited (CCCC) group company.
The agreement includes a binding proposal for the acquisition of 100% of TUP Porto São Luis S.A., a company that owns a private terminal located in São Luis/MA, Brazil, for the amount of BRL720 million (US$133.79 million), subject to usual adjustments on the closing date of the transaction.
The Port of São Luis Operation is subject to the fulfillment of conditions precedent, including applicable regulatory and competition-related approvals. Additionally, the sale of shares representing the control of the port is subject to corporate approvals by the CCCC, as well as approvals by competent Chinese authorities.
Country updates
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