Cosan Puts Its São Luís Port Terminal Up for Sale to Cut Debt

Cosan, one of Brazil's biggest business groups, has told the market it wants to sell its port terminal in São Luís, in the northern state of Maranhão. The indicative price is about R$300 million, or roughly US$56 million, with possible earn-out payments to follow. It is another move in Cosan's long push to cut a heavy debt load, after selling farmland, putting a rail stake in play and exiting the miner Vale. Here is what the terminal is, why the group is letting it go, and who might step in to…