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- Transnordestina Logística S.A.
- Agência Nacional de Transportes Terrestres
- Ferrovia Centro-Atlantica S.A.
- Vale S.A.
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Railroads | Privatization/ConcessionResearch Reports
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MeneameBrazilian antitrust agency Cade has approved a rail asset swap between mining and logistics company CVRD and flat steelmaker CSN, local media reported.
The decision comes three years after CVRD and CSN negotiated the transaction, which Brazil's national land transport agency (ANTT) approved in September 2003.
The agreement involves the acquisition by CVRD of CSN's 11.95% stake in rail concessionaire Ferrovia Centro-Atlantica (FCA), and CVRD offloading its 30% stake in rail concessionaire Companhia Ferroviaria do Nordeste (CFN) to both CSN and local equity fund Taquari, both of which already have 30% stakes in CFN, while employees and other shareholders hold the remainder.
FCA's other shareholders are KRJ Participações, VALIA-Fundação Vale do Rio Doce de Seguridade Social, Carmo Participações, CPP Participações and Transger.
FCA's 7,080km of lines cover the states of Sergipe, Bahia, Goiás, Espírito Santo, Rio de Janeiro, Minas Gerais and the federal district (DF), while CFN's 4,500km of lines stretch across the states of Maranhão, Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco and Alagoas.
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