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

  • Mexico has plans for massive infrastructure investment
    July 19, 2013
    Mexico’s Government has plans for a massive programme of infrastructure improvements across the country. In all some US$314 billion will be invested in infrastructure, of which $47 billion will be targeted at improving the country’s transportation network. Mexico’s national transport and communications ministry, SCT, will manage the projects which include works for highways and airports. The plans are expected to include a combination of private and public funding sources, although further details have yet
    Read More
  • Brazil looks to stage major road construction event
    February 21, 2013
    The upcoming Brazil Road Expo event is capitalising on the country’s strong growth in highway construction. Brazil’s construction machinery market foresees an average growth of 12.5% in 2013, according to a survey of equipment manufacturers and importers released at the end of 2012. The third edition of Brazil Road Expo, the main paving technology and road infrastructure event in the country, is being held from March 19th-21st at the Transamerica Expo Center, in São Paulo. The event will gather some of the
    Read More
  • Foreign investors eye expansion into Russian road-building industry
    March 18, 2016
    The Russian road sector looks set for international investment - Eugene Gerden writes Amid the ongoing recovery of the Russian economy from the effect of Western sanctions, foreign investors are considering accelerating their activities in the Russian road building industry. In recent months the establishment of joint ventures with local road building companies has become no longer as profitable for foreign investors as it was in the past. As a result the majority of foreign investors are considering
    Read More
  • Astaldi wins Polish S7 contract between Naprawa and Skomielna Biala
    March 3, 2016
    Astaldi, a global construction company based in Rome, has won a contract worth nearly €222 million for construction of Poland’s S7 dual carriageway between Naprawa and Skomielna Biala. The contract, awarded by the Polish General Directorate for National Roads and Motorways (GDDKiA), includes construction of a 2km tunnel under the Lubon Maly massif, 38 bridges and viaducts and three motorway services. There will also be 25km of access roads and two junctions. The north-south S7, when completed, will ru
    Read More

Highlighted Content