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2h ago

Brazil’s Audit Court Nears Ruling on Santos Tecon 10 Auction Model

The split decision will set who can bid for a container megaterminal seen as vital for capacity growth in Santos, with implications for Brazil’s appeal to global investors.

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Overview

  • The TCU reconvened Monday to choose between Relator Antonio Anastasia’s single-stage auction with post-award divestment and Revisor Bruno Dantas’s two-phase design that initially excludes current Santos operators.
  • Decano Walton Alencar signaled he will back Dantas, pointing to a potential majority for tighter entry limits in the first phase.
  • Embassies of Switzerland, Denmark and the Netherlands urged an open tender in a letter to the TCU president, warning that restrictive rules could harm international investor perception.
  • Brazilian logistics entities led by IBL publicly supported Antaq’s two-stage model and affirmed the regulator’s prerogative to set the auction’s technical design.
  • Government and court interlocutors described a possible third-way adjustment to ease some conditions while keeping incumbents out, with the Executive to finalize the edital after the TCU’s decision.