Singapore’s PSA among three Asian firms vying for Brazilian ports

Photo: PSA website

Three Asian groups are interested in acquiring two container terminals put on sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday.

Singapore’s PSA and China’s Hutchison Port Holding and China Merchant Port Holdings have delivered non-binding proposals for terminals in Salvador, in the northeastern state of Bahia, and Rio Grande, in the southern state of Rio Grande do Sul, the paper said, without saying how it got the information.

Binding proposals for the terminals should be delivered as soon as year-end, the paper added. The companies did not immediately comment on the matter.