2023-04-21 02:55:13
SÃO PAULO (Reuters) – The Board of Directors of Rumo (BVMF:) has approved the evaluation of a potential proposal for corporate reorganization, which includes the partial spin-off of Malha Norte.
If considered, the proposal must still be submitted for approval by the shareholders of the two companies, the company added in a material fact released on Thursday.
According to Rumo, once approved, “the corporate reorganization will optimize the corporate structure of the companies, through the partial spin-off of Malha Norte”.
Rumo is a Brazilian logistics company, belonging to the Cosan Group (BVMF:), which operates mainly in rail freight transport.
(Reporting by Patricia Vilas Boas)
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