May 14, 2020 |
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
Local fund Latache buys half of Rodovias do Tietê for an undisclosed amount