Station naming deals announced
Runaway Rail Car Kicked Loose by Teen Hits New York Station
Škoda unveils its second tram for the Chinese market
Wabtec to buy Faiveley Transport for US$1·8bn
Constantine tram extension contract
Channel Tunnel: '2,000 migrants' tried to enter
Ottawa urban rail gets federal funding
UK and Italian operators order Vossloh locomotives
First Great Western and Eversholt sign Hitachi AT300 train contract
Tanzania, Rwanda and Burundi invite interest in DIKKM railway
Japanese group Mitsui & Co Ltd is in talks to acquire suburban Brazil railway company SuperVia SA after a key creditor, state-owned development bank BNDES, blocked other offers for the company, said two sources with knowledge of the matter.
One of the sources said a binding proposal led by Starboard Restructuring Partners was rejected earlier this week by the development bank, because the proposal would not transfer the SuperVia debt with BNDES to the acquirer.
Now Mitsui, already a shareholder in Odebrecht Mobilidade, a holding company that controls Rio de Janeiro-based SuperVia, with a 40 percent stake, is in talks to take over SuperVia and assume the debt with the development bank.
Talks to sell the suburban rail company are being led by Brazilian creditors of conglomerate Odebrecht SA as the corruption-ensnared group faces pressure to sell assets and reduce debt, Reuters reported.
Another proposal by United Arab Emirates’ sovereign wealth fund Mubadala Development Co PJSC was rejected.
Odebrecht, Mitsui and Starboard did not immediately comment on the matter.
O Globo newspaper said in a report earlier this week Mitsui was being considered as the most probable candidate to acquire SuperVia.
This article first appeared on www.reuters.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.