Brazil's Prumo sells stake in joint venture with Anglo American
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FILE PHOTO: A general view of Anglo American's Los Bronces copper plant in Chile, obtained by Reuters on April 26, 2024. Anglo American/Handout via REUTERS/File Photo
RIO DE JANEIRO (Reuters) -Brazilian logistics firm Prumo said on Friday it agreed to sell its 50% stake in Ferroport, a joint venture with miner Anglo American that operates an iron ore terminal at Rio de Janeiro's Acu Port.
* The Ferroport stake is being sold to investment firm3Point2, which had financial support from lender BTG Pactual,Prumo said in a statement. * Financial details were not disclosed. * Closing of the deal still depends on some conditions,Prumo added. * "The transaction is in line with Prumo's strategy ofsimplifying its corporate structure and optimizing its capitalstructure," it said.(Reporting by Rodrigo Viga Gaier; Editing by Natalia Siniawski)
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