LatAm Transport and Capital Goods: Daily Take-Off: RAIL, RENT, MOVI, CPA, GAP

Research evidence excerpt

LatAm Transport and Capital Goods: Daily Take-Off: RAIL, RENT, MOVI, CPA, GAP

Global Research

26 June 2026ab

LatAm Transport and Capital Goods Equities

Latin AmericaDaily Take-Off: RAIL, RENT, MOVI, CPA, GAP

Industrial

Alberto Valerio

RAIL: Cosan’s Rumo stake sale is moving forward; bids expected by end-July Analyst

According to O Globo’s Lauro Jardim, the recent CEO change at Rumo, with Daniel alberto.valerio@ubs.com

Rockenbach appointed on an interim basis to replace Pedro Palma, is being +55-11-2767 6918

interpreted by some as part of a broader decision by Cosan/Rubens Ometto to sell Andressa Varotto

Rumo either fully or partially. The article states that potential buyers are expected Analyst

to submit proposals by the end of July. It mentions Cofco, Bunge and Ultra as andressa.varotto@ubs.com

potential interested parties, with Ultra described in the article as the current +55-11-2767 6654

favorite. Potential Impact: Neutral for RAIL. As a reminder, Rumo’s Bylaws have a Rafael Simonetti

15% poison pill clause, after which any potential buyer would be obligated to make a Associate Analyst

public tender offer, although it’s possible minority shareholders could vote in favor rafael.simonetti@ubs.com

of a waiver on the clause, depending on the potential buyer. +55-11-2767 6628

BZ Car Rentals, Bz Auto Parts: MG starts local EV production in Brazil with R

$400m investment

According to Estadao, MG Motor, the British-origin brand controlled by China’s SAIC

Motor, announced the start of local production in Brazil at the Planta Automotiva do

Ceará (PACE), in Horizonte (CE). Initially, the company will assemble two electric

models locally: the MG4 Urban hatch and the MGS5 SUV. The project includes R

$400m in joint investment by MG and Comexport, PACE’s shareholder, with R$60m