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Latin American Economy & Business - April 2019

Brazil: Rumo SA wins concession for North-South Trainline

Brazilian logistics company Rumo SA won the bid for the 30-year concession agreement on the North-South Trainline FNS in an auction that took place in São Paulo’s stock exchange, according to Brazil’s infrastructure ministry. Rumo won the concession with a bid of R$2.7bn (US$692m), 100.29% over the minimum asking price of R$1.35bn.

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