Privatization of Companhia Docas do Espírito Santo (Codesa)

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The project entails the purchase of shares of Companhia Docas do Espírito Santo (Codesa) in Brazil. Codesa operates the ports of Vitória, Capuaba, Praia Mole and Barra do Riacho, all in the state of Espírito Santo. Brazilian asset management company Quadra Capital emerged as the winner in the auction for Codesa in March 2022. The company outbid Vinci Partners, offering an upfront payment of $20.5 million (BRL106 million) to the government, compared with the $19.4 million (BRL101 million) offer made by Vinci. The total value of the transaction is $184.82 million (BRL956 million), which consists of the $20.5 million (BRL106 million) upfront payment and further $164.33 million (BRL850 million) in investments including $64.77 million (BRL335 million) for the port expansion. Following the privatization Codesa will administer and operate the ports of Vitória and Barra do Riacho on a 35-year concession, renewable for an additional 5 years. The transaction was completed on 5 September, 2022. https://esbrasil.com.br/privatizacao-da-codesa-e-assinada/ https://es360.com.br/quadra-capital-e-governo-federal-assinam-contrato-de-privatizacao-da-codesa/ https://brazilian.report/liveblog/2022/03/30/first-port-privatization-auction/ https://revistaferroviaria.com.br/2022/09/quadra-capital-e-governo-federal-assinam-contrato-de-privatizacao-da-codesa/ https://www.bnamericas.com/en/analysis/brazils-quadra-capital-triumphs-in-auction-for-codesa-port-concession https://www.ijglobal.com/articles/166985/contract-signing-takes-place-for-codesa