Skip to main content

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

  • Brazil awards major concession
    April 19, 2012
    A consortium headed by Ecorodovias is taking over the concession for the BR-101 highway in Brazil. The road links the states of Espirito Santo and Bahia. The consortium led by Ecorodovias won the concession following competitive offer for the contract, despite tough competition from six other firms for the deal. Some US$1.21 billion will be invested in the highway by the consortium, in which Ecorodovias has an 80% stake and SBS holds a 20% share. Funds will be used to widen the road as well as for planned m
  • Shimmick and Impreglio win US$650mm California bridge tender
    July 31, 2012
    US civil engineering company Shimmick Construction, Italian peer Impregilo and a Spanish firm have been officially awarded the US$ 650 million contract for the Gerald Desmond Bridge in Long Beach, California. The groups were judged to have submitted the best technical and economic proposals for the bridge, which will measure approximately 610 metres in length and have around two kilometres of access ramps.
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.