Macquarie Invests in Brazil Port Operator CLI

The group Australian Macquarie is going to invest in the Brazilian port industry by purchasing a stake in the operator CLI and funding a 260 million dollar arrangement to buy sugar and grains at the port of Santos.

The railway operator course (RAIL3) disclosed to the market that it has sold CLI 1.4 billion reais for 80% of its subsidiary EPSA, which operates terminals 16 and 19 in Santos (260 million dollars). Rumo will still have a small stake in the company.

The Brazilian private equity fund IG4 owned CLI. According to officials speaking to Reuters in an interview, Macquarie Infrastructure Partners V would now invest 500 million reais in it.

According to a statement from the Australian fund, it will own a 50% investment in CLI and exercise joint control with IG4. A grain terminal is already run by CLI at Maranho.

Fernando Lohmann, the director of Macquarie in Brazil, stated that the company has long invested in Brazilian agriculture. In a statement, he stated, "Investing in CLI is a natural step towards increasing the infrastructural relationship with agriculture."

Rafael Bergman, the chief financial officer of Rumo, told Reuters in an interview on Friday that the firm can concentrate on enhancing and expanding its rail operation thanks to the sale.

Helcio Tokeshi, chief executive of CLI, claimed in the same interview that the operator's lack of ties to any railroads or commodity trading aids its expansion and the pursuit of new clients for Santos terminals.