February 1, 2018 / 8:28 PM / 7 months ago

Brazilian toll road operator Ecorodovias buys rival MGO for $189 mln -filing

SAO PAULO, Feb 1 (Reuters) - Brazilian toll road operator Ecorodovias Infraestrutura e Logistica SA has agreed to buy smaller rival Concessionaria de Rodovias Minas Gerais-Goias for 600 million reais ($189 million), the acquiring company said in a securities filing on Thursday.

MGO, as the smaller company is known, manages a 436-kilometer (271-mile) highway in the Brazilian state of Minas Gerais, Ecorodovias said. The deal is subject to approval by Brazilian infrastructure and antitrust regulators, the filing added.

$1 = 3.1673 reais Reporting by Tatiana Bautzer; Editing by Richard Chang

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below