Home / Daily Briefs / 2022 / 19 / EcoRodovias triggers debt concerns after winning concession

EcoRodovias triggers debt concerns after winning concession

EcoRodovias triggers debt concerns after winning concession

September 19, 2022 | Thierry Ogier
Brazilian infrastructure company bids $234 mln for the Lote Noroeste toll roads in São Paulo state and pledges to invest $1.9 bln

Corporate & Sovereign Strategy Debenture Equity Brazil Capital Markets Project & Infrastructure Finance Toll Road Highways

Investors appeared to show concerns about Brazil's EcoRodovias after the infrastructure company bid BRL1.24 billion ($234 million) to win a 30-year highway concession in the state of São Paulo. Shares in EcoRodovias tumbled 12% to BRL5.37 after the company won the concession auction on Thursday, but they rose 1.68% on Friday to end the week at BRL5.46. EcoRodovias outbid local rival CCR and investment firm Pátria Investimentos to take three brownfield toll road concessions in the 601km Lote Noro

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