Cosan Puts Its São Luís Port Terminal Up for Sale to Cut Debt
Cosan, one of Brazil's biggest business groups, has told the market it wants to sell its port terminal in São Luís, in the northern state of Maranhão. The indicative price is about R$300 million, or roughly US$56 million, with possible earn-out payments to follow. It is another move in Cosan's long push to cut a heavy debt load, after selling farmland, putting a rail stake in play and exiting the…
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
