Bunge Alimentos S.A. and Zen-Noh Grain Corporation agreed to acquire 50% stake in Terminal XXXIX de Santos S.A. from Rumo S.A. for approximately BRL 550 million.

Bunge Alimentos S.A. and Zen-Noh Grain Corporation agreed to acquire 50% stake in Terminal XXXIX de Santos S.A. from Rumo S.A. (BOVESPA:RAIL3) for approximately BRL 550 million on May 29, 2024. The consideration subject to the provisions and potential adjustments provided in the Agreement. The divestment of the stake in T-XXXIX reinforces Rumo?s financial discipline and the capital recycling strategy to improve the Company's cash position and concentrate efforts on projects that support the ongoing capacity expansion program, enhancing the structural competitiveness of the railway mode.

The completion of the transaction is subject to the fulfillment of usual conditions precedent for this type of operation, including legal and regulatory approvals. Santos Neto Advogados (SNA) acted as legal advisor to Bunge and Zen-Noh Grain.