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Simpar divests Bahia port terminals for R$ 1.8 billion to accelerate deleveraging
Brazil Journal·BR·about 16 hours ago
Simpar has agreed to divest its subsidiary CS Porto Aratu, which operates terminals 12 and 18 at the Port of Aratu, to International Container Terminal Services (ICTSI). The transaction is valued at R$ 1.8 billion, with R$ 750 million in cash payments and the remainder contingent on performance, marking a significant consolidation in Brazilian port logistics.