Finance
Brazil's Prumo sells stake in joint venture with Anglo American
Brazil's Prumo sells stake in joint venture with Anglo American
Published by Global Banking and Finance Review
Posted on November 14, 2025
Published by Global Banking and Finance Review
Posted on November 14, 2025
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)
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