News / Ecorodovias' sale of 27.5% stake in BR-101 concession gets approval

Ecorodovias' sale of 27.5% stake in BR-101 concession gets approval

🕔 August 29, 2013
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Ecorodovias Infraestrutura e Logistica SA announced that, following information disclosed to the market on July 5, 2013, the Adminstrative Council for Economic Defense (CADE) approved on August 23, 2013, the sale of a 27.5% stake in ECO101 Concessionaria de Rodovias SA to Centaurus.

ECO101 Concessionaria de Rodovias SA. is a SPV that explores the BR-101 ES/BA road concession.

Centaurus is a consortium  formed by local companies Coimex, Rio Novo Locações, A. A. Madeira Indústria e Comércio, Urbesa, Tervap, Contek Engenharia and MMF Empreendimentos e Participações.

The sale follows an agreement to finish a court battle between EcoRodovias and the second consortium in the auction that took place in 2012.

The sale has a price tag of R$20.6 million (US$8.7 million).

The concession is for 25 years, and consists of the expansion, improvement, maintenance and operation of the BR-101 highway. The concessions includes the duplication of lanes in different years for different stretches of the road.BR-101/ES/BA, in that stretch of 475.9 km, begins at the junction of BA-698 access to Mucuri - BA and extends to the border of the State of Espirito Santo and Rio de Janeiro State.In August 2012, the ANTT cancelled the project but later in October 2012, the Brazillian TCU re-approved the tender process and finally awarded the road concession to EcoRodovias Infrastructure & Logistics SA and SBS Engineering and Construction LTD.

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