Davis Polk Advises Rumo Logística Operadora Multimodal S.A. on Its R$2.6 Billion Equity Offering
Davis Polk advised Rumo Logística Operadora Multimodal S.A. in connection with the offering by Rumo of 1,040,000,000 common shares for an aggregate amount of R$2.6 billion (approximately $740 million). The common shares trade on the São Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S.
Based in Brazil, Rumo is the largest intermodal logistics operator in Latin America, focusing on rail transportation, warehousing, operation of terminals and other logistics services.
The Davis Polk corporate team included Manuel Garciadiaz, Elliot M. de Carvalho and Lourenço Lopes-Sabino. John D. Paton and Dao Fu provided tax advice. Colleen Blanco provided 1940 Act advice. Members of the Davis Polk team are based in the New York, London and São Paulo offices.