Brazil begins auctioning of five port terminals leases

[Harpy Eagle]

Brazil begins auctioning of five port terminals

Brazil will lease auction on Wednesday, 21 August five port terminals. The operation is organized by Brazil’s National Agency for Waterway Transportation (ANTAQ) and will be taking place at the Sao Paulo Stock Exchange.

en.mercopress.com

Brazil will lease auction on Wednesday, 21 August five port terminals. The operation is organized by Brazil’s National Agency for Waterway Transportation (ANTAQ) and will be taking place at the Sao Paulo Stock Exchange.

The terminals up for auction are REC08, REC09, and REC10, located at the Port of Recife; RIG10 at the Port of Rio Grande; and RDJ06 at the Port of Rio de Janeiro. The event will be streamed live on ANTAQ’s YouTube channel at 2:00 PM.

I wonder if any American firms will put in a bid. Sadly it is doubtful any will.

 

[Harpy Eagle]

Whoops, wrong forum.

 

[White 6]

Brazil begins auctioning of five port terminals

Brazil will lease auction on Wednesday, 21 August five port terminals. The operation is organized by Brazil’s National Agency for Waterway Transportation (ANTAQ) and will be taking place at the Sao Paulo Stock Exchange.

en.mercopress.com

Brazil will lease auction on Wednesday, 21 August five port terminals. The operation is organized by Brazil’s National Agency for Waterway Transportation (ANTAQ) and will be taking place at the Sao Paulo Stock Exchange.

The terminals up for auction are REC08, REC09, and REC10, located at the Port of Recife; RIG10 at the Port of Rio Grande; and RDJ06 at the Port of Rio de Janeiro. The event will be streamed live on ANTAQ’s YouTube channel at 2:00 PM.

I wonder if any American firms will put in a bid. Sadly it is doubtful any will.

How often is this done?

 

[Harpy Eagle]

How often is this done?

I found this...

The auction in question will have the highest grant value as a criteria, with an investment forecast of BRL 13 million. The lease is characterized as simplified, and has a 10-year contract with no possibility of extension.

Business Opportunities in Brazilian Ports | Insights | Mayer Brown

www.mayerbrown.com

 

[TNHarley]

Is now a good time to invest in Brazil?

 

[Harpy Eagle]

Is now a good time to invest in Brazil?

Their Agricultural sector is booming, more than 120 billion in exports. They all go out through these ports.

You can bet that Chinese firms will be bidding.

 

[White 6]

I found this...

The auction in question will have the highest grant value as a criteria, with an investment forecast of BRL 13 million. The lease is characterized as simplified, and has a 10-year contract with no possibility of extension.

Business Opportunities in Brazilian Ports | Insights | Mayer Brown

www.mayerbrown.com

Fairly rare, eh? Makes sense. Sounds cheap, but I have no real idea what BRL exchange rate is.