A 20% stake in the Acu Port Oil Terminal in Rio de Janeiro has been sold to Oiltanking for $200 million (€180 million).
Oiltanking will manage the oil operations as part of the deal. The terminal is licensed to handle up to 1.2 million barrels per day and has the capacity to receive VLCC ships. Oiltanking has valued the terminal at $1 billion.
The port have two terminals, one dedicated to the shipment of iron ore which belongs to Ferroport and controlled by Prumo and Anglo American. Prumo expressed a wish in 2014 to develop the oil arm of the business at the terminal in various stages, including transhipment as well as tankage and further blending operations.
Eduardo Parente, CEO of Prumo says: ‘The second quarter of 2015 was marked by important announcements, such as the signing of contracts and expansion of business areas. We have a lot of new developments over the past months which will enhance Acu Port.’