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Leading Operators Pursue Brazil Terminal Duo

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Three Asian companies, which include Singapore’s PSA, China’s Hutchison Port Holding and China Merchant Port Holdings, are interested in acquiring two Brazilian terminals, according to Reuters.

Tecon Salvador and Tecon Rio Grande, which recently implemented XVELA’s cloud-based platform for data-sharing, are currently owned by Brazilian private port operator Wilson Sons.

Tecon Rio Grande handles 98% of all container cargo that passes through the Port of Rio Grande due to its physical advantages, while Tecon Salvador has benefited from investments in technological solutions and infrastructure.

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Each of the three parties interested in the terminals, which have not yet commented, have delivered non-binding proposals.

Wilson Sons has revealed that it publicly disclosed its intention to sell the container terminals through an organized process in July 2018, but did not discuss the current status of discussions with the three potential buyers.

A statement from the company read: “We have not taken a final decision yet and there is no certainty there will be a transaction.”

Binding proposals for the terminals are expected to be delivered by the end of 2018.

 

Original article by Reuters

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