Estre Buys Camargo Correa Unit

Estre Buys Camargo Correa Unit

Brazil M&A

Estre Ambiental has acquired Cavo Servicos e Saneamento from Camargo Correa for around BRL610m, according to a source familiar with the situation. Cavo has revenues of around BRL500m. Wilson Quintella Filho, who owns Estre, says in Valor Economico that he anticipates an additional BRL70m in investment in the operation. The Solvi Group has the right of first refusal on Cavo’s 37.6% stake in Loga, a garbage collection business that operates in Sao Paulo in which Solvi is a partner. The stake would

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