Santos Brasil wins three terminals at auction

Santos Brasil wins three terminals at auction

Corporate & Sovereign Strategy Economy & Policy Equity

Port logistics company Santos Brasil was the biggest winner in the latest concession auction in Brazil on Friday, winning contracts for three terminals at the Port of Itaqui in Maranhão, while Ultrapar won a fourth at Itaqui and Chile's CMPC took one at the Port of Pelotas in Rio Grande do Sul. Santos Brasil beat out Ultrapar subsidiary Tequimar for two liquid bulk terminals at Itaqui, bidding BRL61.3 million, or 24% above the minimum bid, for IQI03 and BRL40 million for IQI12, which had a token

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