Rumo makes US$1.2 billion equity offering

Brazil’s largest private railway operator Rumo has hired Davis Polk & Wardwell LLP in São Paulo and New York and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo to issue shares for 6.4 billion reais (US$1.2 billion), which it will use for concession fees and infrastructure projects related to the Malha Paulista railway in São Paulo.