EIG Global Energy Partners Invests US$139 Million to Delist Prumo Logística Global (Latin America)

Source(s): Prumo Logística Global

Global energy and infrastructure-focused fund manager EIG Global Energy Partners has invested BRL452 million (approximately US$139 million) in Brazil-based industrial port operator Prumo Logística Global via a tender offer. EIG, which originally invested in Prumo in 2013, acquired 39.3 million shares for BRL11.50 (approximately US$3.53) per share, resulting in a compulsory delisting from the B3 exchange. Prumo operates the industrial port complex of Açu, which handles petroleum, iron ore, coal and other bulk and general cargo.