Cosan’s subsidiary Atlântico has signed an agreement to acquire a controlling stake in São Luís Port Company SARL from China Communications Construction Company Limited (CCCC) group company.

The agreement includes a binding proposal for the acquisition of 100% of TUP Porto São Luis S.A., a company that owns a private terminal located in São Luis/MA, Brazil, for the amount of BRL720 million (US$133.79 million), subject to usual adjustments on the closing date of the transaction.

The Port of São Luis Operation is subject to the fulfillment of conditions precedent, including applicable regulatory and competition-related approvals. Additionally, the sale of shares representing the control of the port is subject to corporate approvals by the CCCC, as well as approvals by competent Chinese authorities.