Boston-based private equity firm, Advent International, is considering the sale of its stake in Brazilian terminal operator Terminal de Conteineres de Paranagua SA, which could fetch around US$1.2 billion, according to Bloomberg.
Morgan Stanley are said to be working with the buyout firm in order to investigate strategic options for the company.
Spokesmen for Advent, Morgan Stanley and TCP declined to comment on this occasion, however, the final decision has not yet been made.
The most recent news to take place in Brazil concerns global terminal operator APM Terminals, who recently announced a plan to turn Brazil’s Port of Pecem into a regional transhipment hub for mega-ships.
This followed news that a fire had broken out on a conveyor belt at a sugar and grain terminal at the Port of Santos.