Libra Terminais Rio: sale approved

The judge of the second branch of bankruptcies and judicial recoveries of the city of São Paulo has approved the sale of Libra Terminais Rio, in judicial recovery, to the Philippine group International Container Terminal Services (ICTSI).

As announced, the purchase was made as part of the judicial auction of the judicial recovery process of Grupo Libra, where the shares owned by Boreal Empreendimentos e Participações, also under judicial reorganization, were sold.

The effective transfer of shares issued by the company to ICTSI will be subject to certain common conditions precedent to this type of transaction and, once implemented, will result in the transfer of its corporate control to ICTSI.

The following DataLiner chart shows Libra Terminais Rio container throughput from January 2015 to May 2019:

Source: Valor

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