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

  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
  • Brazilian road spend dips slightly for 2015
    July 9, 2015
    Brazil will spend at least US$1.63 billion in privately operated federal road infrastructure projects in 2015. This is down slightly, from $1.82 billion spent in 2014, according to estimates by the land transport agency NTT. Work this year includes a stretch of the BR-050 motorway operated by MGO, which already has seen around $104 million. Road operator Concer, which administers sections of the BR-060, BR-153 and BR-262, invested nearly $88 million between 2014 and the first quarter of 2015. Arter
  • Rolls-Royce posts a pre-tax loss of £5.3bn in H1 2020
    August 28, 2020
    Engineering giant Rolls-Royce, whose Power Systems business unit features MTU-branded diesel engines used in a wide variety of construction, mining and quarrying machinery, reported a pre-tax loss of £5.3bn for H1 2020.
  • Strabag ends 2016 with a record order backlog
    April 27, 2017
    The Austrian publicly listed construction group Strabag posted a record year 2016, with an order backlog at a record-high of €14.8 billion. Thomas Birtel, chief executive of Strabag, said that 2016 was a “satisfactory and eventful” year for the company. “We managed to acquire the minority interest in our subsidiary [civil engineering company] Ed Züblin in Stuttgart and of the remaining stake in Raiffeisen evolution, now called Strabag Real Estate.” Both companies are now wholly owned by Strabag. Consolidate