May 10, 2021
Brazilian conglomerate Andrade Gutierrez intends to accept a binding offer from local private equity firm IG4 Capital to buy its 14.9% stake in infrastructure company CCR, according to a securities filing on Friday.
IG4 offered to pay BRL4.63 billion ($887 million), or BRL15.44 per share, but CCR's controlling shareholders have 30 days to make a matching offer, Andrade Gutierrez said in a letter to CCR and the shareholders.
Local engineering firm Soares Penido owns 15.1% of CCR, while Mover Part
Andrade Gutierrez intends to accept the $887 mln offer, but the other owners have 30 days to make a matching proposal