July 28, 2020
Brazilian logistics company Rumo plans to carry out a share sale to raise funds for investments in the Malha Paulista railraod and other concessions, according to a securities filing on Sunday.
The Curitiba-based company said it has hired five banks – Banco do Brasil, Bradesco BBI, BTG Pactual, Itaú BBA and Banco Safra – to structure the deal, but it did not say how much it planned to raise in the follow-on offering.
Rumo CEO Beto Abreu said in late May that the company could raise BRL1.5 billio
British logistics company looks to raise funds for investments in the Malha Paulista railroad concession