November 16, 2012
EcoRodovias Infraestrutura e Logistica has agreed to sell its 50% interest
EcoRodovias Infraestrutura e Logistica has agreed to sell its 50% interest in Ecopatio Imigrantes to Global Limited Properties for BRL104m ($50m). The buyer is a unit of Singapore’s GIC sovereign wealth vehicle. Incorporated in 2007, Ecopatio specializes in build-to-suit projects in the commercial and industrial property space in Brazil. It was held under the EcoRodovias logistic services subsidiary Elog, which plans to use proceeds from the sale for working capital and expansion.