US investment group to take controlling share in LLX Logistica
EIG Group has announced that it will invest US$573 million in LLX Logistica, the company behind Açu Superport currently under construction in São João da Barra, Rio de Janeiro, Brazil.
Signed on Monday, the agreement will see the Washington-based investment group become the company’s new controlling shareholder when the transaction is complete, paving the way for the construction of Açu Superport.
“The Agreement reinforces the importance of Açu Superport to Brazil, as well as its ability to attract the major players of the global market,” said LLX CEO, Marcus Berto
“This project will not only change Brazilian logistics, we believe it will have a global impact by attracting international investment and facilitating development of Brazilian industries,” added EIG Group CEO, R. Blair Thomas.
“We believe Açu will be a critical piece of infrastructure in unlocking Brazil’s energy and resource potential and we look forward to bringing this important project to completion.”
In a statement, LLX confirmed that the agreement was signed 30 days after the signing of the Commitment Letter between the respective parties, during which a due diligence process was carried out.
Açu Superport is scheduled to open for commercial business later this year.