Finance
Brazil's Prumo sells stake in joint venture with Anglo American
Published by Global Banking & Finance Review®
Posted on November 14, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 14, 2025
1 min readLast updated: January 21, 2026
Prumo has agreed to sell its 50% stake in Ferroport to 3Point2, supported by BTG Pactual, as part of its strategy to streamline operations.
RIO DE JANEIRO (Reuters) -Brazilian logistics firm Prumo said on Friday it agreed to sell its 50% stake in Ferroport, a joint venture with miner Anglo American that operates an iron ore terminal at Rio de Janeiro's Acu Port.
* The Ferroport stake is being sold to investment firm3Point2, which had financial support from lender BTG Pactual,Prumo said in a statement. * Financial details were not disclosed. * Closing of the deal still depends on some conditions,Prumo added. * "The transaction is in line with Prumo's strategy ofsimplifying its corporate structure and optimizing its capitalstructure," it said.(Reporting by Rodrigo Viga Gaier; Editing by Natalia Siniawski)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing both the risks and rewards.
Corporate strategy refers to the overall plan for a company to achieve its goals and objectives, including decisions about resource allocation, business development, and competitive positioning.
An investment firm is a company that manages investments on behalf of clients, providing services such as asset management, portfolio management, and financial advisory.
A stake in a business refers to the ownership interest or share that an individual or entity has in a company, which can influence decision-making and profit-sharing.
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