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Article: Brazil: BNDES invests in Brasil Ferrovias.
- Article from:
- South American Business Information
- Article date:
- October 5, 2004
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Brazil, Oct 05, 2004 (Jornal do Commercio/SABI via COMTEX)
The Brazilian development bank BNDES (Banco Nacional de Desenvolvimento Economico e Social) will inject R$400mil resources in the railroad concessionaire Brasil Ferrovias, manager of three stretches in Sao Paulo, Mato Grosso do Sul and Mato Grosso states. This operation integrates the debt management deal inked between the company and the entity concerning a debt of R$1.5bil. BNDES will become a shareholder in Ferronorte, Brasil Ferrovias' controlled, marking its return to this segment. According to the chairman of the pension fund Funcef, owner of a 22.31% stake in Brasil Ferrovias, Mr. Guilherme Lacerda, ...