Valor Econômico International June 19 2013
América Latina Logística (ALL) is evaluating a capital increase to finance improvements on its assets and rail network, Valor has learned. This stock issue is being discussed and should take place after the conclusion of negotiations for Cosan to join the company’s controlling block, still without a set date to end. There are hints on the market that the company needs to raise R$3 billion to R$3.5 billion to execute investment in efficiency improvements. Cosan denied that ALL is evaluating a capital increase.
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ALL Logística considers capital increase to boost efficiency
