P&O Maritime raised USD40 MM from Itau/CAF

P&O Maritime Holdings (Paraguay) (“P&O MH”) is part of DP World, based in Dubai, and one of the largest global logistics operators P&O MH operates several dedicated barge convoys on the Hidrovia (river waterway) between Brazil, Paraguay, Argentina and Uruguay Corporación Andina de Fomento (CAF), along with Banco Itau S.A. (Paraguay), approved a US$40 million, 10-year, credit facility to P&O MH The credit facility will contribute to acquiring two barge river convoys to transport iron ore through the Paraguay-Paraná waterway Alpax acted as exclusive financial advisor to P&O Maritime Holdings