According to the person, Triunfo 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.
https://www.reuters.com/article/tpi-triunfo-part-restructuring-idUSL1N1JG0J8