Simpar divests Bahia port terminals for 1.8 billion BRL
Simpar has reached an agreement to sell its port terminal assets in the state of Bahia for 1.8 billion BRL. The transaction represents a significant divestment for the logistics conglomerate, though specific buyer details and the impact on the company's debt profile remain to be fully disclosed.
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Simpar Divests Bahia Port Terminals to ICTSI for R$1.8 Billion
Simpar has confirmed the divestment of its CS Porto Aratu subsidiary, comprising terminals 12 and 18 at the Port of Aratu in Bahia, to International Container Terminal Services (ICTSI) for R$1.8 billion. This transaction is a strategic move by Simpar to accelerate deleveraging and provides a valuation benchmark for its remaining infrastructure assets. The specific impact on Simpar's debt profile and ICTSI's broader consolidation strategy in Brazil remain to be fully detailed.