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Brazil: BNDES provides capital injection and loan to Rumo SA for it railway logistics upgrade

Description

On 2 January 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) subscribed to bonds or debentures issued by Rumo SA for a total of BRL 434 million (USD 81.3 mi...

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Intervention Details

Intervention Type

Debt purchase

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Jan 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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