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

  • Uganda expressway connection; construction due to start
    September 25, 2019
    Construction work is due to start on the expressway project connecting Busega with Mpigi in Uganda. The contract was awarded to the Chinese construction firms China Civil Engineering Construction Corporation (CCECC) and China Railway 19th Bureau Group Company Limited. The companies have established a joint venture partnership to handle the work. The project is costing around US$147 million and the 24km expressway should take around three years to build. A loan from the African Development Bank is helping to
    Read More
  • Brazil’s new highway deal announced
    May 11, 2021
    Brazil has announced a major new highway deal.
    Read More
  • Cancelled Italian bridge project causes problems
    October 17, 2012
    A major dispute could arise following the cancellation of the project in Italy to construct the Messina Strait Bridge.
    Read More
  • Zambia road rebuild by mining firm
    May 30, 2017
    A key road rebuild contract has been carried out in Zambia by mining firm First Quantum Minerals (FQM). The firm used its own equipment to rebuild a road that connects with its mining operations in Zambia’s North-Western Province. The firm opted to maintain the Chingola-Solwezi road, which had deteriorated to such a state that North-Western Province faced being cut-off from the rest of the country during the rainy season. This was a serious issue for the mining firm as the poor state of the road threatened
    Read More

Highlighted Content