Italians Considering Brazilian Sale

Italians Considering Brazilian Sale

Brazil Europe M&A

Brazil’s Primav Construcoes e Comercio has added more detail to its BRL1.76bn ($850m) offer to buy an additional 19% stake in road concession operator EcoRodovias from Italian builder Impregilo, EcoRodovias says. Primav, which is controlled by the Brazilian conglomerate CR Almeida, already owns 45% of Ecorodovias, while Impregilo holds a 29% stake. If Impregilo accepts, its remaining 10% stake in Ecorodovias would be subject to a lock-up period of 2 years. The price tag corresponds to BRL16.59 p

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