November 28, 2019 / 10:39 PM / 6 months ago

Brazil court annuls auction awarding Sao Paulo subway line to CCR

SAO PAULO, Nov 28 (Reuters) - A Brazilian court canceled an auction that had awarded infrastructure firm CCR and its partner a concession to operate Sao Paulo’s line 15 subway, the company said in a securities filing.

CCR held 80% in the consortium that won the bidding for the metro line, while RuasInvest Participacoes held 20%.

The company did not state the reasons for the court’s decision but specified that CCR itself was not a party to the legal proceedings.

The ruling can be appealed, it said. (Reporting by Aluisio Alves and Jake Spring; Editing by Sandra Maler)

Nuestros Estándares:Los principios Thomson Reuters
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