Odebrecht offloads commuter rail unit

Odebrecht offloads commuter rail unit

M&A Debt Corporate & Sovereign Strategy Project & Infrastructure Finance Brazil Japan

Brazil's Odebrecht has sold a commuter rail concession to Guarana Urban Mobility Inc (GUMI), an urban transit company controlled by Japan's Mitsui. Odebrecht TransPort and GUMI formed a joint venture in November 2014 to hold four passenger rail concessions, including the SuperVia suburban railway in Rio de Janeiro. West Japan Railway Company (JR West) acquired 33.9% of GUMI in December 2015, while Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development, known a

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