Navios South American Logistics, which provides integrated transportation, storage, and related services in the Hidrovia region of South America, withdrew its plans for an initial public offering on Thursday. It originally filed in March 2021 with a proposed deal size of $100 million and, aside from one update shortly after its initial filing, had not amended its prospectus since then.
The Montevideo, Uruguay-based company was founded in 1955 and booked $215 million in revenue for the 12 months ended December 31, 2020. It had planned to list on the Nasdaq under the symbol NSAL. BofA Securities, Itau BBA, UBS Investment Bank, and BTG Pactual were set to be the joint bookrunners on the deal.
