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Brazilian port sale lures APM Terminals

Brazil plans to start selling 161 port concessions during this year. APM Terminals is already present in the country's biggest port in Santos, and the company would like to expand its presence there, according to the Financial Times.

The sale of 161 port concessions in Brazil is set to begin this year, and APM Terminals eyes a possibility of expanding the company's presence in the country, where the terminal company is already present in Brazil's largest port, Santos. The Maersk-owned container operator plans to invest USD 2.5 billion in Latin America ahead of 2017, and if the Brazilian government is prepared to sell the rights to terminals in the north and northeast, the company could be ready to invest, says Joe Nielsen, APM Terminals CEO of Latin America, to the Financial Times.

“We hope to expand that number,” he says.

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