BRIEF-ASTM and SIAS to acquire joint control in Ecorodovias
Dec 18 (Reuters) - Astm SpA :
* ASTM and Societa Iniziative Autostradali e Servizi SpA (SIAS) finalise agreement for acquisition of joint control of Ecorodovias Infrastruestrutura e Logistica SA (Ecorodovias) together with CR Almeida SA Engenharia e Costrucoes (CR Almeida) through a newco, incorporated under Brazilian law
* The contract envisages that ASTM and SIAS will subscribe through a special purpose vehicle incorporated under Italian law (SPV Gavio) a reserved capital increase of 2,224 million reais ($573.9 million)
* Astm and SIAS will indirectly, on a look-through basis, hold 41 percent of Ecorodovias
* Ecorodovias in a Brazilian toll-roads operator Source text for Eikon: Further company coverage: ($1 = 3.8754 Brazilian reais) (Gdynia Newsroom)
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