Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SOCIET└ INIZIATIVE AUTOSTRADALI E SERVIZI S.P.A.

(SIS)
  Report
SummaryChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Societa Iniziative Autostradali e Servi : EcoRodovias wins a new motorway concession in Brazil for a length of 437 Km

09/27/2019 | 12:03pm EST

PRESS RELEASE

ECORODOVIAS WINS A NEW MOTORWAY CONCESSION IN BRAZIL

FOR A LENGTH OF 437 KM

  • EcoRodovias won the tender for the 30-year management of the BR-364 /BR-365 motorway system (437 km long) connecting the States of Goiàs and Minas Gerais.
  • This new success strengthens the role of the EcoRodovias Group among the main motorway operators of Brazil, with a total network of 3,087 km under management.

Tortona, 27 September 2019. EcoRodovias Infraestructura e Logistica SA, one of Brazil's main motorway operators, of which Astm and Sias have joint control, was awarded the tender for the management of stretches of the BR-364/GO and BR-365/MG motorways in Brazil.

The BR-364 /BR-365 motorway system is 437 km long, starting from the city of Jatai and going to the city of Uberlandia, linking the States of Goiàs and Minas Gerais.

The tender was launched by the Agência Nacional de Transportes Terrestres (National Land Transport Agency - ANTT) of Brazil.

EcoRodovias presented the best offer with a reduction of 33.14% on the basic toll rate.

The final award and the signing of the 30-year concession contract will take place upon expiry of the deadlines for possible appeals, as provided for in the tender procedure.

In particular, the stretch of the BR 364/GO motorway runs for 193 km from the city of Jatai (in the state of Goiàs) to the interconnection with the BR 365/MG, whose stretch, which is 244 km long, goes to the city of Uberlandia (in the state of Minas Gerais).

The two arteries represent one of the most important routes for the transport of grain from the large agricultural areas of the centre-west part of the country to the Port of Santos and for the supply of food and industrial products for the States of Goiàs and Minas Gerais.

The new award strengthens the role of EcoRodovias among the main motorway operators in Brazil, with a total network of 3,087 km under management, allowing the Group to implement its strategic plan, focusing on core motorway infrastructure management activities and extending the duration of its own concessions in the portfolio.

In 2018, EcoRodovias had already expanded its motorway network by 850 km through the acquisition of the Rodovias Minas Gerais (MGO) concessionaire and the awarding of tenders for the Rodoanel Norte, in São Paulo, and the BR-135 MG, in Minas Gerais, motorways.

Contacts:

ASTM S.p.A.

Corso Regina Margherita 165 - 10144 Turin (Italy) Tel: +39 (011) 43.92.111 Fax: +39 (011) 43.92.218 www.astm.it- Certified e-mail:astm@legalmail.it- astm@astm.it

SIAS - Società Iniziative Autostradali e Servizi S.p.A.

Via Bonzanigo 22 - 10144 Turin (Italy)

Tel: +39 (011) 43.92.102 Fax: +39 (011) 43.71.691

www.grupposias.it- Certified e-mail: sias@legalmail.it - info@grupposias.it

ASTM Investor Relations

Arthur Targon

Tel: + 39 0131 879140 investor.relations@astm.it atargon@astm.it

SIAS Investor Relations

Giuseppe Agogliati

Tel.: +39 011 4392133

e-mail: investor.relations@grupposias.it

Communications and Press Relations

Giovanni Frante

Tel: +39 0131 87.93.09

e-mail: gfrante@astm.it

Moccagatta Associati

Tel: +39 02. 86.45.16.95/ 02.86.45. 14.19

segreteria@moccagatta.it

Disclaimer

SIAS - Società Iniziative Autostradali e Servizi S.p.A. published this content on 27 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2019 16:02:05 UTC


ę Publicnow 2019
All news about SOCIET└ INIZIATIVE AUTOSTRADALI E SERVIZI S.P.A.
2020SOCIETÀ INIZIATIVE AUTOSTRADALI E SE : SIS) dropped from S&P Global BMI Index
CI
2019ATLANTIA : Italy pushes on with plans to reform motorway concession rules
RE
2019MERGER OF SIAS S.P.A. INTO ASTM S.P. : signed the Deed of Merger
PU
2019A21 TORINO-PIACENZA : the toll-road, interrupted at Asti exit, re-opened at 10 am
PU
2019AUTOSTRADA DEI FIORI : viaduct "Madonna del Monte"
PU
2019Società Iniziative Autostradali e Servizi S.p.A. Reports Revenue and Traffic Results fo..
CI
2019Italian road operators express concern about proposed tax measure
RE
2019SOCIETÀ INIZIATIVE AUTOSTRADALI E SE : Agreement signed to acquire Mattioda Group's stakes..
PU
2019SOCIETÀ INIZIATIVE AUTOSTRADALI E SE : The extraordinary shareholders' meetings approve th..
PU
2019SOCIETA INIZIATIVE AUTOSTRADALI E SE : EcoRodovias wins a new motorway concession in Brazi..
PU
More news
Financials
Sales 2018 1 440 M 1 630 M 1 630 M
Net income 2018 265 M 299 M 299 M
Net Debt 2018 1 477 M 1 672 M 1 672 M
P/E ratio 2018 10,4x
Yield 2018 5,80%
Capitalization 3 399 M 3 803 M 3 848 M
EV / Sales 2017 3,67x
EV / Sales 2018 2,93x
Nbr of Employees 2 539
Free-Float 24,0%
Chart SOCIET└ INIZIATIVE AUTOSTRADALI E SERVIZI S.P.A.
Duration : Period :
SocietÓ Iniziative Autostradali e Servizi S.p.A. Technical Analysis Chart | SIS | IT0003201198 | MarketScreener
Income Statement Evolution