IG4 offers to buy stake in CCR

IG4 offers to buy stake in CCR

M&A Equity Capital Markets Project & Infrastructure Finance Brazil

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

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