Davis Polk advised Rumo S.A. in connection with the offering by Rumo of 294,252,874 common shares for an aggregate amount of R$6.4 billion (approximately $1.2 billion). The common shares trade on the São Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S.
Based in Brazil, Rumo is the largest intermodal logistics operator in Latin America, focusing on rail transportation, warehousing, operation of terminals and other logistics services.
The Davis Polk corporate team included Manuel Garciadiaz and Hugo Casella. Mario J. Verdolini and Yixuan Long provided tax advice. Sijia Cai provided 1940 Act advice. Members of the Davis Polk team are based in the New York and São Paulo offices.