News

BNDES to take stake in Ferronorte

By and Robert Preston2005-04-01T10:00:00

LAST MONTH Brazilian federal investment bank BNDES was expecting to complete a deal to take a 31% stake in Ferronorte, by converting debt and providing new resources, with the aim of increasing capacity on the soya export corridor between Alto Araguaia and the port of Santos.

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