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Article: Brazil: Brazil's ALL Jumps to 7-Week High on Sugar Contract.
- Article from:
- TendersInfo
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: rakshali03
ALL America Latina Logistica SA, Latin America s biggest railroad operator, jumped to the highest in seven weeks after Brascan Corretora said an agreement to transport sugar will likely boost earnings this year.
ALL gained 6.2 percent to 12.51 reais in Sao Paulo trading, the highest level since June 16.
Cosan SA Industria e Comercio s logistics unit signed an agreement with ALL in March to spend 1.17 billion reais ($638.6 million) to increase ALL s railroad capacity. The deal represents an excellent growth opportunity for ALL, wrote Brascan analyst ...