Sas Shipping Agencies Services completed the acquisition of 67% stake in Log-In Logística Intermodal S.A..
January 12, 2022
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Sas Shipping Agencies Services made an offer to acquire 67% stake in Log-In Logística Intermodal S.A. (BOVESPA:LOGN3) for BRL 1.8 billion on September 15, 2021. The offer will be made as a tender offer. Under the terms, a minimum of 62% and maximum of 67% shares will be acquired at BRL 25 per share. Alaska Investimentos LTDA. entered into a binding commitment by means of which it has undertaken to sell 51.86 million common shares of Log-In. As of December 13, 2021, the tender offer has been launched. Offer will be subject to approval from CADE and other conditions. As of December 16, 2021, the full court of Brazilian antitrust body Cade has authorized the SAS Shipping Agencies Services subsidiary of MSC Mediterranean Shipping Company to exercise a number of administrative powers over Brazilian logistics frim Log-In Logistica Intermodal prior to its acquisition being approved.
Sas Shipping Agencies Services completed the acquisition of 67% stake in Log-In Logística Intermodal S.A. (BOVESPA:LOGN3) on January 13, 2022. Log-In Logística will not be incorporated by MSC and will continue to operate independently, with its own results and expansion strategy.
Log-in Logistica Intermodal SA, formerly Docenave Navegacao Vale do Rio Doce SA, is a Brazil-based company that plans, manages and operates cargo handling solutions through cabotage, complemented by road services. The Company operates an interconnected network, which includes port handling and door-to-door transportation, through an intermodal network that covers Brazil and the Southern Common Market region (Mercosur). The Company's activities are divided into three areas: Coastal Shipping, offering maritime transportation in ports in the Brazilian coast and Mercosur, integrated to services contracted for road short-distance transportation; Port Terminal, providing management and operation of a container port terminal, the Vila Velha Terminal (TVV), in the state of Espirito Santo, Brazil, and Intermodal Terminals, including ground intermodal terminals integrated to services offered by Coastal Shipping area.
LOG-IN LOGÍSTICA INTERMODAL S.A. 
