Gavio buys in to Brazil’s EcoRodovias

Gavio buys in to Brazil’s EcoRodovias

Brazil M&A

Italian industrial group Gruppo Gavio has agreed to pay BRL2.24bn ($561m) for joint control of Brazilian toll road operator EcoRodovias. Gavio, through industrial holding ASTM and toll road operator SIAS, will form a new company with EcoRodovias' current owner Primav. The new company will assume a 64% stake in EcoRodovias and a 55% stake in the Line 18-Bronze monorail concession in the state of Sao Paulo from Brazilian engineering company CR Almeida.  Gavio will own 50% of common shares a

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