Msc Co., LtdKRX: 009780

Brazil to auction massive Santos container terminal in early March, minister says

· Issued by Msc Co., Ltd

Brazil's federal government plans to hold the auction of Santos port's massive Tecon 10 container terminal in the first half of March, Ports and Airports Minister Silvio Costa Filho said on Friday.

The auction has drawn interest from more than ten potential bidders, he said, citing Philippines-based ICTSI and groups including JBS NYSE:JBS and JSL BMFBOVESPA:JSLG3, as well unnamed as Arab investors.