Rumo Terminates Deal to Sell Stake in Brazil Port Terminal to Bunge, Zen-Noh Grain
Brazilian rail operator Rumo said it has decided to terminate a 2024 agreement to sell part of a terminal at Latin America's largest port to U.S. commodities trader Bunge and a subsidiary of Japan's Zen-Noh Group.
In a securities filing, Rumo said that conditions set in the agreement for the 50% stake in the XXXIX terminal, located in the Santos port, were not fully satisfied before the established deadline. It did not provide further details.
The parts had...
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