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BF repays US$120mn debt - Brazil.
(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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