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CSANY — Cosan News Story

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Brief: Brazil's Cosan Receives 300 Million Real Offer For Interest In Port Sao Luis

BRIEF-Brazil's Cosan Receives 300 Million Real Offer For Interest In Port Sao Luis

- Cosan S.A. CSAN3.SA:

  • HAS FORMALIZED A LETTER OF INTENT SUBMITTED BY A THIRD-PARTY ACQUIRER FOR THE SALE OF THE COMPANY'S ENTIRE INTEREST IN TERMINAL DE USO PRIVADO PORTO SAO LUIS - FILING

  • THE PROPOSAL, WHICH PROVIDES FOR AN EXCLUSIVITY PERIOD FOR THE NEGOTIATION, CONTEMPLATES AN OFFERED PRICE OF 300 MILLION REAIS

  • COMPANY MAY BE ENTITLED TO AN EARN-OUT RELATED TO POTENTIAL NEW BERTHS IMPLEMENTED OR TO BE IMPLEMENTED AT THE PORT THROUGH 2035

Source text: ID: nNDL8gX0m0

Further company coverage: CSAN3.SA


(Reporting by Sao Paulo newsroom)

((fernando.cardoso@thomsonreuters.com;))

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