ALL Announces Sale of Terlogs.CURITIBA, Brazil -- ALL - America Latina Logistica S.A. (Bovespa:ALLL ALLL Allowance for Loan and Lease Losses 4) informs its shareholders and the market that it has sold to SOGO SouthOcean Grain and Oil, a company pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the Agrenco Group, its 25.5% stock interest in Terlogs Terminal Maritimo Ltda, a moving hopper complex having as origin and destination the Port of Sao Francisco São Fran·cis·co A river of eastern Brazil flowing about 2,896 km (1,800 mi) generally north-northeast and east to the Atlantic Ocean. Noun 1. do Sul (located in the state of Santa Catarina Santa Catarina (sän`tə kətərē`nə), state (1996 pop. 4,865,090), 37,060 sq mi (95,985 sq km), S Brazil. The capital is Florianópolis. ) for R$52 million settled in December 2004. Concurrently, the Company has made a long-term agreement with INLOGS, a company pertaining to the Agrenco Group as well, for transporting 23 million tons of agriculture commodities in the 2005-2007 period. In order to support such volume, INLOGS will provide ALL with 240 new rail cars in 2005 besides investing in port terminals in Sao Francisco. Terlogs was created from an association between ALL and the Agrenco Group and was part of ALL's strategy to expand its logistic lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation structure around its rail network benefiting from associations and investments made by its clients. By selling its stock interests in Terlogs, ALL confirms its clear focus on the logistic transportation business. |
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