In a billion-dollar deal, Rumo sold 80% of its stake in two of the largest grain and sugar terminals in the Port of Santos to the company Corredor Logística e Infraestrutura (CLI), one of the four operators of the Maranhão Grain Terminal (Tegram). The contract was signed on Friday, July 15, for R$ 1.4 billion. Now, CLI will operate, in partnership with Rumo, Elevações Portuárias S/A (EPSA), the company responsible for terminals 16 and 19 of the Santos port complex. Nearly BRL 600 million will be made available in the coming years, fostering a 20% expansion in the current grain volume. The partnership does not involve the other terminals that have Rumo as a partner in the port of Santos: TXXXIX, Terminal Marítimo do Guarujá (Termag) and Terminal de Granéis do Guarujá (TGG).
Sources: A Tribuna/Datamar News