BRIEF-Log In to sell two ferries and commercial contract for BRL 683 million

lunes 19 de septiembre de 2016 11:58 GYT

Sept 19 (Reuters) - Log In Logistica Intermodal SA :

* Said on Friday it had reached an agreement with Hidrovias do Brasil Cabotagem Ltda (Hidrovias Cabotagem) to sell two ferries called "Log-In Tambaqui" and "Log-In Tucunare", as well as commercial contract with Alunorte Alumina do Norte do Brasil SA, for a total of about 683.1 million Brazilian reais ($209.40 million)

* Hidrovias Cabotagem to make a prompt payment of 60.0 million reais, to pay 140.0 million reais in 14 consecutive monthly instalments under the form of promissory notes, to take on certain Log In's contracts with Brazilian state development bank BNDES used for funding the ferries

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($1 = 3.2622 Brazilian reais) (Gdynia Newsroom)