Brazil's Triunfo sells port to partner MSC -source


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SAO PAULO, June 19 (Reuters) - TPI Triunfo Participações &
Investimentos SA has agreed to sell a 50 percent stake in a port
terminal to partner MSC Mediterranean Shipping Co SA's TIL unit,
a key step towards advancing the debt-laden Brazilian
infrastructure firm's turnaround, a person familiar with the
matter said on Monday.
    According to the person, Triunfo <TPIS3.SA> sold the 50
percent it has in Terminal Portuário de Navegantes SA for 1.3
billion reais ($396 million) to TIL, which with it had been
partners since 2001. The transaction still hinges on antitrust
and port industry regulatory approval, the person said.
    São Paulo-based Triunfo declined to comment.
    ($1 = 3.2819 reais)

 (Reporting by Guillermo Parra-Bernal; editing by Diane Craft)
 ((guillermo.parra@tr.com; Tel: +55-11-5644-7714; Mob:
+55-119-8346-7153; Reuters Messaging:
guillermo.parra.thomsonreuters.com@reuters.net))

Keywords: TPI TRIUNFO PART RESTRUCTURING/ (URGENT)



This article appears in: World Markets , Stocks , Economy , Technology
Referenced Symbols: TPIS3


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