Wilson,Sons take control of Tecon Salvador SA

As a result, Wilson,Sons Limited becomes the sole owner of 100% of Tecon Salvador S/A’s total share capital, through its subsidiaries in Brazil – Wilport Operadores Portuários S.A. (Wilport) and Sobrare Servemare S.A. (Sobrare). This move is in line with Wilson’s strategy to continuously foster growth in the port terminals segment and its participation in all port privatisations in Brazil.

Wilson also owns Tecon Rio Grande (TRG), which in 1997 won the bidding process to manage and operate the container terminal in the Port of Rio Grande for 25 years, renewable for another 25 years.

Tecon Salvador S.A. has a 25+25 year concession for the container and general cargo terminal (terminals PS-3 and PS-4) in the Port of Salvador, located in the Bay of Todos of Santos in Northeast Brazil. The company started operations March 2000 when it won the bid to operate the CODEBA container terminal and over the past eight years has invested more than US$29m in civil works and equipment, including the purchase of two gantry cranes and the construction of a 4,000 sq m warehouse. In 2007 the terminal handled 253,535 teu.