BRIEF-CCR presents proposal to increase its stake in VIAQUATRO

viernes 1 de julio de 2016 10:02 GYT

July 1 (Reuters) - CCR SA :

* Said on Thursday that it had presented to Montgomery Participacoes SA a binding proposal to buy 50 percent of its stake in Concessionaire of Line 4 of the Sao Paulo Subway (VIAQUATRO) for 170.2 million Brazilian reais ($53.0 million)

* The company currently holds a 60 percent stake in the concessionaire, Montgomery Participacoes SA holds a 30 percent stake and Mitsui & Co Ltd holds a 10 percent stake

Source text:

Further company coverage:

($1 = 3.2097 Brazilian reais) (Gdynia Newsroom)