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Emerging Markets

Simpar Port Sale to ICTSI Fetches US$353 Million

The Rio Times · 1h ago · 🇧🇷 Brazil

Simpar Port Sale to ICTSI Fetches US$353 Million

Brazilian logistics holding Simpar signed a binding deal to sell its Bahia port business to the Philippines' ICTSI for an enterprise value of R$1.8 billion (~US$353 million), a move analysts say will accelerate the group's deleveraging. The post Simpar Port Sale to ICTSI Fetches US$353 Million appeared first on The Rio Times .

Read the full story at The Rio Times →

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