Singapore sovereign fund and Pátria win largest road concession in Brazil

A consortium formed by Brazilian private equity firm Pátria Investimentos SA and Singapore’s sovereign wealth fund GIC Pte won the auction for the Piracicaba-Panorama road lot (called PiPa) in the state of Sao Paulo, Brazil’s richest. The competition encompassed 218 kilometres currently operated by the Arteris Group’s Centrovias concessionaire, whose contract expires in the first quarter of this year, as well as 1,055 kilometres operated by DER-SP.

Source: InfoMoney