Atlantia, Bertin Strike Brazilian Motorway JV

Atlantia, Bertin Strike Brazilian Motorway JV

Brazil Europe M&A

Italy’s Atlantia, a toll road operating company, has created a joint venture with Brazil’s energy and infrastructure company Bertin SA in an effort to pool motorway concession projects. The agreement creates the second largest motorway operator in Sao Paulo with a concession life of 25 years. Under the deal, each partner will control a 50% stake in a venture with assets that should generate Ebitda of roughly BRL630m ($359m) with net debt of BRL1.625bn ($926m) in 2012, Atlantia says. Morgan Stanl

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