The Simpar port sale to Philippines-based ICTSI values its Bahia terminals at US$353 million (R$1.8 billion) and lifted its shares on faster deleveraging.
Brazil · Companies
Key Facts
—Buyer ICTSI Americas, a unit of Philippines-based global port operator International Container Terminal Services, Inc.
—Asset sold HSIM, the holding company that owns the ATU12 and ATU18 terminals, marketed as CS Porto Aratu in Candeias, Bahia
—Enterprise value R$1.8 billion (~US$353 million), comprising R$750 million equity value and roughly R$1.0 billion in net debt
Operação prevê transferência de cerca de R$ 1 bilhão em dívidas e ainda depende de aprovação do Cade e do poder concedente
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