Primav increases share in Brazil road management firm Ecorodovias

Brazilian infrastructure company Primav (CR Almeida) is set to increase its share in road management firm Ecorodovias. The company will acquire 19% from Italian civil engineering group Impregilo, in a deal valued at US$971.32 million (BRL 2.02bn), bringing its control over the firm from 45% to 65%. The Administrative Council for Economic Defence (Cade) has already green-lit the operation.
December 14, 2012 Read time: 1 min
Brazilian infrastructure company Primav (CR Almeida) is set to increase its share in road management firm 2688 Ecorodovias. The company will acquire 19% from Italian civil engineering group 3149 Impregilo, in a deal valued at US$971.32 million (BRL 2.02bn), bringing its control over the firm from 45% to 65%.

The Administrative Council for Economic Defence (Cade) has already green-lit the operation.

For more information on companies in this article

Related Content

  • Jacobs and CH2M to merge in a US$3.27 deal
    August 3, 2017
    Global US infrastructure firm Jacobs Engineering Group and one of its main rivals, CH2M, are to merge under a US$3.27 billion deal. In a written statement, Jacobs said it will acquire all of the outstanding shares of CH2M in a cash and stock transaction, including around $416 million of CH2M debt. CH2M had global revenue in the past 12 months of around $4.4 billion and about 20,000 employees. Its contracts are in the water, transportation, environmental and nuclear sectors.
    Read More
  • TREV-2 to start a new section of Estonia’s Tallinn-Tartu highway
    August 11, 2017
    Estonia’s Road Administration and infrastructure company. TREV-2 Grupp has signed a €51 million contract for construction of a new four-lane section of highway between Kose and Ardu. The work will shorten the length of the of the Tallinn-Tartu highway by around 5km. The construction is scheduled in August 2017 with completion in 2020. The new section will allow speeds of up to 120kph, according to the government.
    Read More
  • Estonia: Nordecon to reconstruct Haabersti road intersection
    April 5, 2017
    The Estonian capital Tallinn, announced that Nordecon is the winner in the €19.8 million tender for reconstruction of the Haabersti road intersection. As part of the reconstruction, two tunnels - 38m and 54m – will be built for cyclists and pedestrians. Phase one of the project includes a 277m-long road bridge in the direction of Paldiski Road and phase two will construction of a roundabout with traffic lights. The project is co-financed by the EU Cohesion Fund and completion is set for October 201
    Read More
  • VINCI to acquire FM Conway
    October 30, 2024
    UK-based FM Conway delivers essential construction and maintenance for public transportation networks and has been pioneering the use of high recycled asphalt on local and strategic road networks.
    Read More

Highlighted Content