Brazil's Ecorodovias plans IPO
Premium Content
04 February 2010
Brazil's Ecorodovias Infraestructura e Logistica is planning an initial public offering (IPO) on the country's Bovespa stock exchange.
Existing shareholders in the toll road company that manages 1459 kilometers of highways across Brazil are Italy's Impregilo Group with a 35% interest and the CR Almeida Group with a 65% stake.
A statement from the company confirmed that it had approached the Brazilian securities regulator, the Comissão de Valores Mobiliários (CVM) seeking approval for the issue of US$ 1.08 billion worth of primary and secondary stock as a public offering.
Entering a new era but aspiring to continue Harry Baker’s legacy
New trio hailed as a fundamental shift in heavy-haul equipment design
When rising demand threatened to outpace a genset manufacturer’s testing capacity, a modular test cell bridged the gap – and laid the groundwork for future growth.