Portonave moves to acquire adjacent land in bid to expand operations

Portonave is preparing the ground for growth. At the end of October, the board of directors of the private port of Navegantes authorized the company’s management to negotiate the purchase of neighboring properties, signaling a move toward expanding its operations.

In total, 11 plots of land are under negotiation: three on Anibal Gaya Street and another eight on Santos Dumont Avenue, adjacent to the terminal. The total area amounts to almost 9,000 square meters and is valued at R$31.2 million.

Contacted for comment, Portonave stated that negotiations are still underway and that publishing the minutes authorizing the start of discussions for potential acquisitions complies with a legal requirement. The port has made similar moves in the past.

Portonave is Brazil’s first private container port terminal. The port plans to invest about R$1.5 billion by 2026, including pier works and new equipment to accommodate ships up to 400 meters long.

Source: NSC Total

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