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

  • M&T sees deals worth $666mn
    August 24, 2012
    Equipment deals worth some R$1.2 billion (US$666 million) were concluded during the recent M&T Expo 2012 in São Paulo, Brazil. The 8th International Trade Fair of Construction Equipment and 6th International Trade Fair of Mining Equipment, was the largest to date and was a showcase for product launches and innovations in equipment technology for the sector. Organisers, Sobratema (Brazilian Association of Technology for Equipment and Maintenance) say the figure at the “history-making edition” corresponds to
    Read More
  • STRABAG reports strong financial performance
    November 30, 2015
    Contractor STRABAG is bullish and report strong economic performance for its latest financial results. The firm’s output volume after first nine months of 2015 hit nearly €10.3 billion, an increase of 6% over the same period for 2.14. Meanwhile there was strong growth in earnings with the firm’s EBITDA rising to €403.79 million, and EBIT to €115.81 million. The order backlog was down 11% to €13.8 billion however. For the whole of 2015, the outlook is healthy.
    Read More
  • Atlas Copco is acquiring Swiss shotcreting firm MEYCO
    December 21, 2012
    Atlas Copco intends to acquire the Swiss MEYCO business, a move that widens its product range for the tunnelling market. The terms of the deal have not been disclosed and Atlas Copco’s Swiss subsidiary will acquire the MEYCO Equipment business from BASF Construction Chemicals Europe. This move brings a comprehensive range of mobile equipment for shotcreting in underground operations. MEYCO has offices and an assembly facility in Winterthur, Switzerland and its products include carrier-mounted concrete spray
    Read More
  • Powerful and productive pavers for the US market
    February 21, 2012
    New US-style pavers are coming to market, writes Mike Woof. Paving Techniques for the North American market focus on productivity, with manufacturers offering new machines specially for this sector. The US paving market is very different from Europe, with manufacturers having focussed on productivity so as to be able to surface the country’s long distance highway construction projects.
    Read More

Highlighted Content