Luso-Brazilian investors buy 30 pct of Portuguese motorway company Brisa

23 June 2015

Brisa – Auto-Estradas de Portugal, a company controlled by the José de Mello group and by the Arcus fund, has agreed to sell a 30 percent stake in Brisa Concessões Rodoviárias (BCR) to Luso-Brazilian investors, the company said in a statement.

In a statement filed with the Portuguese stock market regulator, CMVM, Brisa said the operation was the result of an approach from the investors to acquire a stake in the road concession company.

The Portuguese media reported that among the buyers, who paid 770 million euros for the 30 percent portion of BCR, is Portuguese businessman Antonio Pargana who has business in Brazil and owns Cisa Trading, an export-import company operating in the automotive, IT and cosmetics sectors, among others.

The other investors are Fernando Camargo, a businessman who operates in various sectors of the Brazilian economy and who owns the InterTV television network, an affiliate of Globo, Bernardo Camargo, Brazilian agro-industry businessman and the Coser Family, which controls one of the most important logistics and infrastructure groups in Brazil, Grupo Comex.

Brisa Concessão Rodoviária (BCR) SGPS is the company that controls the main Brisa concession, which was privatised by the Portuguese State in the 1990s.

BCR runs Portugal’s major motorways and its concession includes a network of 11 motorways stretching over 1,126 kilometres, which serve the main road links in Portugal.

This deal comes three years after the tender offer (OPA) that withdrew Brisa from the stock exchange. (macauhub/BR/PT)