Brazil’s Prumo sells stake in joint venture with Anglo American
Porto do Açu is a major Brazilian
seaport and industrial hub. Image: Porto do Açu
Brazilian logistics firm Prumo said on Friday it agreed to sell its 50% stake in Ferroport, a joint venture with miner Anglo American that operates an iron ore terminal at Rio de Janeiro’s Acu Port.
The Ferroport stake is being sold to investment firm 3Point2, which had financial support from lender BTG Pactual, Prumo said in a statement.
Financial details were not disclosed.
Closing of the deal still depends on some conditions, Prumo added.
“The transaction is in line with Prumo’s strategy of simplifying its corporate structure and optimizing its capital structure,” it said.
(By Rodrigo Viga Gaier; Editing by Natalia Siniawski)
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