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…
Cosan, a leading Brazilian conglomerate, is planning to sell its São Luís port terminal in the northern state of Maranhão to help reduce its debt. The terminal, which sits within the busy São Luís port area, is a multipurpose facility that moves grains like soybeans and corn, as well as minerals such as iron ore. The indicative sale price is R$300 million (approximately US$56 million), with potential for additional payments later.
While Cosan primarily operates in fuel, gas, lubricants, and railways, management sees the port as a "nice-to-have" asset that can be sold to alleviate its heavy debt load. The terminal is valued at about R$300 million, but the final price may change once a buyer is confirmed. Reports suggest strong interest from Chinese companies, particularly COFCO, given the terminal's capacity to handle grain exports to Asia.
The sale marks a shift for Cosan, which once pursued the port as a growth bet but now views it as a cash source. Other asset sales, including farmland and a stake in the rail business, have also been part of Cosan's broader strategy to deleverage and reduce its debt.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
