Market sources indicate that the total value of the transaction is around USD450 million.
Ferroport shipped approximately 25 million tons of iron ore from the port in 2024. Between January and September of this year, 17.6 million tons of iron ore was transported from the port, with the majority of the volume coming from Anglo American's Minas-Rio project.
Prumo aims to simplify the company structure, reduce its financial debt burden, and attract new strategic partners to the Açu Port projects with the sale.
3Point2 will make a cash payment of USD90 million under the agreement and will assume Ferroport’s debt of approximately USD 360 million. Thus, the total transaction value will reach USD 450 million.
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