Itausa and Votorantim signs agreement to acquire 14.86% stake in CCR
Itausa and Votorantim have signed an agreement to acquire shares held by Andrade Gutierrez Participações SA in CCR SA, Brazil. The transaction is for 300,149,836 shares of CCR representing 14.86% of capital. The transaction is valued at BRL4.1 billion (US$860.33 million).
CCR, founded in 1990, operates in the sectors of highway concession, urban mobility, airports and services. The company is one of the largest infrastructure and mobility concession companies in Latin America.
Out of 14.86% share, Itaúsa will acquire 208,669,918 shares representing 10.33% of CCR's total capital with an investment of BRL2.9 billion (US$609 million).
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