IG4 takes over port terminal

IG4 takes over port terminal

Debt M&A Funds Equity Brazil Latin America

Brazilian private equity fund manager IG4 Capital said it has taken control of a grain terminal in the state of Maranhão after coming to an agreement with the local commodities firm CGG Trading and its creditors. IG4 acquired $237 million in debt and converted it into equity to take 100% of Corredor Logística e Infraestrutura (CLI), which owns a controlling stake in the grain terminal at Porto Itaqui, according to market sources. CLI is one of four companies in the Tegram consortium, which hold

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