LatAm Transport and Capital Goods "Daily Take-Off: MOVI, RAIL, EMBJ" Valerio

研报英文原文证据摘录

LatAm Transport and Capital Goods "Daily Take-Off: MOVI, RAIL, EMBJ" Valerio

Global Research

30 June 2026ab

LatAm Transport and Capital Goods Equities

Latin AmericaDaily Take-Off: MOVI, RAIL, EMBJ

Industrial

Alberto Valerio

MOVI: Acquires the Copel fleet-rental contracts from related party CS Brasil for Analyst

R$100m alberto.valerio@ubs.com

Movida agreed to acquire the vehicle-rental contracts and associated fleet serving +55-11-2767 6918

Copel (Companhia Paranaense de Energia) for R$100m, in a transaction with CS Andressa Varotto

Brasil Holding, a Simpar company (Simpar controls Movida). The deal covers 724 Analyst

vehicles plus the assignment of the rental contracts with Copel and its subsidiaries, andressa.varotto@ubs.com

which generate monthly billing of R$3.3m, paid in three consecutive monthly +55-11-2767 6654

installments with no monetary correction. The assets represent about 0.8% of the Rafael Simonetti

gross operating fixed assets Movida allocated to fleet management and outsourcing Associate Analyst

(GTF) in 1Q26; the contracts are structured as no-embedded-labor fleet rafael.simonetti@ubs.com

management (CS Brasil keeps the labor-embedded contracts), with economic +55-11-2767 6628

effects recognized from 2Q26. Potential Impact: Neutral for Movida.

RAIL: Government signs an MRS MOU to advance São Paulo's Ferroanel

According to CNN Brasil, the Transport Ministry and MRS Logística signed a non-

binding cooperative MOU on Monday (29) for studies and design of São Paulo's

Ferroanel, a roughly 50km freight bypass north of the capital (partly alongside

Rodoanel Norte) meant to separate cargo from CPTM passenger lines and ease the

flow of interior São Paulo trains toward the Rio de Janeiro and Espírito Santo ports.