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BF repays US$120mn debt - Brazil.

The America's Intelligence Wire

| January 16, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business News Americas)

(BNamericas.com) - Brazil's largest railway holding company, Brasil Ferrovias (BF) repaid a 273mn-real (US$120mn) debt on Friday, local daily Gazeta Mercantil reported.

The debt repayment comes after the national land transport authority (ANTT) issued a warning to Brasil Ferrovias, threatening to suspend the company's concession of Sao Paulo-based Ferroban (now renamed Ferrovias Bandeirantes) if the debt was not paid by Monday (Jan 16).

Brasil Ferrovias deposited 273mn reais, 70mn reais of which was in cash, to federal bank CEF on Friday ...

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