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Pinfra Sells Altamira Port Operator in $800M Deal

Pinfra plans to use the proceeds to strengthen its financial position by investing in key infrastructure assets in Mexico.

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Overview

  • The buyer is Terminal Investment Limited Holding S.A., a Luxembourg-based firm specializing in port terminal operations.
  • The transaction secured authorizations from the Federal Competition Commission (Cofece) and the Administration del Sistema Portuario Nacional Altamira (ASIPONA).
  • Upon closing, TIL— a subsidiary of Mediterranean Shipping Company— will hold the Altamira concession through 2056.
  • Pinfra’s shares climbed 7.96% midday Thursday as investors reacted to the strengthened liquidity outlook.
  • Company executives said the funds will bolster the balance sheet and support future infrastructure investments across Mexico.