Frangou's Navios Logistics offshoot joins hunt for New York IPO

Navios South American Logistics has filed papers with US authorities for an initial public offering.

The owner of port terminals, ships and barges on eastern coasts and rivers of South America said on Wednesday that it “confidentially submitted a draft registration statement on form F-1 to the US Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock”.