The Brazilian government wants to amend the rules of the privatization of the Port of Santos to allow cargo terminal operators to form consortiums and jointly bid, without limits, provided each company represents up to 5% of the consortium. Thus, granted this permission, the 20 companies that manage activities in the port could form groups to dispute the tender. The idea was confirmed by the Minister of Infrastructure, Marcelo Sampaio, who reaffirmed the expectation of holding the auction in 2022 in the second half of December. The new rule would not exclude the arrangement initially envisaged by the government, which allows terminals and other operators, such as railways, to be part of the consortium with a more significant individual stake, up to 15%, but with a joint limitation of 40%.
Sources: CNN Brasil/Datamar News