TPI purchases 65% of Vessel-Log

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Privatization News - Monday, March 1, 2010

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Free Content of the day

* TPI purchases 65% of Vessel-Log - Brazil

Brazilian infrastructure firm Triunfo Participações e Investimentos (TPI) (Bovespa: TPIS3) has purchased 65% of water transport and multimodal cargo company Vessel-Log.

First of all, TPI bought 1.95mn shares of Vessel-Log for 1.95mn reais (US$1mn) from Administração de Empresas, Logística e Navegação (AEL).

"This totals 23% of the company," a TPI spokesperson told BNamericas.

"Then, TPI acquired another 42% of Vessel-Log by giving 35% of its stake in logistics company Navegação e Logística ... more
http://www.bnamericas.com/news/privatization/TPI_purchases_65*_of_Vessel-Log/176401443

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