Three Asian groups vie for Brazilian Wilson Sons Ports

November 8, 2018

File Image: Marad
File Image: Marad

Three Asian groups are interested in acquiring two container terminals up for sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday.

Singapore's PSA, China's Hutchison Port Holding and China Merchant Port Holdings have delivered non-binding proposals for terminals in Salvador, in the northeastern state of Bahia, and Rio Grande, in the southern state of Rio Grande do Sul, the paper said, without disclosing its source.

Binding proposals for the terminals should be delivered as soon as year-end, the paper said.

The potential bidders did not immediately comment.

Wilson Sons said the company publicly disclosed the planned sale of its container terminals through an organized process in July. It did not elaborate on Thursday on the current status of the talks.

"We have not taken a final decision yet and there is no certainty there will be a transaction," the company said.


Reporting by Tatiana Bautzer

Logistics News

Baku Port Handles 37% More Containers in 2025

Baku Port Handles 37% More Containers in 2025

International Flag-State Association Looks to Advancing Role in Policymaking

International Flag-State Association Looks to Advancing Role in Policymaking

The Northwest Seaport Alliance Retires Two Legacy Cranes from Terminal 7

The Northwest Seaport Alliance Retires Two Legacy Cranes from Terminal 7

Barbara Scheel Agersnap Steps Down as Copenhagen Malmö Port CEO

Barbara Scheel Agersnap Steps Down as Copenhagen Malmö Port CEO

Subscribe for Maritime Logistics Professional E‑News

Union Pacific and Norfolk submit documents for regulatory review of $85 Billion Merger
Three people are killed by a knife-wielding assailant in Taipei. The attacker dies after he is chased by police.
Trump Administration imposes restrictions to Mexican train crews working inside US