April 13, 2020 / 1:02 PM / 3 months ago

Brazil's Triunfo asks regulator to re-auction Concebra's toll-road rights

SAO PAULO, April 13 (Reuters) - Brazilian infrastructure company Triunfo Participacoes e Investimentos SA said on Monday its subsidiary Concebra had asked transport regulator ANTT to re-auction its toll road rights, citing a “dramatic change in the economic scenario”.

Concebra operates 1,176.5 kilometers of roads across Goias, Minas Gerais and Distrito Federal in the central region of Brazil.

“The unpredictable redefinition of long-term public financing policies, which blocked the release of promised and approved credit lines, brought about very serious consequences to the economic-financial stability of the operation, making it very expensive,” Triunfo said in a securities filing on Monday. (Reporting by Gabriela Mello; Editing by Mark Potter)

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