Brazil's ALL Inks Iron Ore Logistics JV

Brazil's ALL Inks Iron Ore Logistics JV

Brazil M&A

Brazilian railway operator America Latina Logistica (ALL) has struck an iron ore logistics joint venture with Triunfo Participacoes e Investimentos, a highway and ports operator, and pig iron producer Vetorial Participacoes. The three-partner deal, to be called Vetria Mineracao, will exploit, process and transport iron ore and will require a BRL7.6bn ($4.12bn) investment, ALL says. Officials at ALL and Vetria could not immediately be reached for further comment. As structured, ALL will hold a 50

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