Lineas sells stake in Brazilian toll road

Lineas sells stake in Brazilian toll road

M&A Project & Infrastructure Finance Brazil Europe

Lineas Concessões de Transportes, a toll road operator owned by Portuguese construction company Mota-Engil, sold its 50% stake in the Rodovias do Tietê highway concession to the local investment manager Latache Capital, according to a securities filing. Lineas did not disclose the purchase price, but it said Latache stands to receive BRL12.5 million ($2.1 million) in loan payments from Rodovias do Tietê as part of the agreement. Latache's "resources come from a pool of investors that, just like

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