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

  • Cummins reports strong performance for first quarter
    May 3, 2023
    Cummins is reporting a strong performance for first quarter of 2023.
    Read More
  • Better asset management will reduce costs and improve efficiency
    August 22, 2013
    The FEHRL Infrastructure Research Meeting 2013 (FIRM 2013) raised key issues in transport innovation The key theme for FIRM 13 was advanced and innovative construction and maintenance, highlighting the importance of efficient asset management. Infravation, or infrastructure innovation, was another focus area for the event. Joris Al, FEHRL president said, “We aim to bring interested parties together. We’ve decided to build on existing knowledge rather than starting with front edge technologies and working
    Read More
  • Brazil highway concession awarded
    December 6, 2013
    A major Brazilian highway concession package has been awarded to Triunfo Participações e Investimentos (TPI). The US$3.02 billion tender is for a multiple federal highway concession package for the BR-060, BR-153 and BR-262, according to a report from Business News Americas. This deal covers some 1,177km of highway stretches, including the installation of 11 tollbooths and widening 648km of roads within a five year period. The sections of highway involved in the deal are in Brazil’s Federal District as well
    Read More
  • Polish investment in road building to fall to $6.33bn in 2013
    March 4, 2013
    Road construction investment in Poland is expected to fall again in 2013 to US$ 6.33 billion (PLN 20bn), owing to contractual disputes in the sector, according to a study by market research firm PMR. This year’s predicted fall comes after investment plummeted 19% in 2012, the PRM study states. However, the road construction share of total construction activity has increased since Poland became a part of the European Union - reaching a 28% peak in 2011, and a 22% share last year. Last year, bankruptcies of a
    Read More

Highlighted Content