Cosmos Agencia Maritima: Sale
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USD 316 MM sale of Cosmos to DP World
Includes Neptunia, Triton Transport and 50% of Terminales Portuarios Euroandinos
In March 2018, Andino Investment Holding S.A.A. (“AIH”) announced it reached an agreement to sell 100% of its shares in Cosmos Agencia Marítima S.A.C. to DP World Peru S.R.L. for USD 315.7 MM.
The acquisition consists of a multi-asset platform of maritime, logistic and port companies. In addition to Cosmos, the transaction includes 100% of its subsidiaries Neptunia S.A. and Triton Transport S.A., and 50% of Terminales Portuarios Euroandinos Paita S.A., the second largest port in Peru measured by container traffic.
With this transaction, DP World will increase its portfolio in up to 6 operating terminals across Latin America.
After the transaction, AIH will focus on its airport logistics businesses; including Aeropuertos Andino del Perú and the Limahub Project.
EFIC Partners and Bank of America Merrill Lynch acted as financial advisors to AIH through all the stages of the transaction.