Votorantim and Itausa to acquire an additional 15% stake in CCR for $855m.

Votorantim, a permanently capitalized investment holding company, and Itausa, a Brazilian multinational conglomerate, agreed to acquire an additional 15% stake in CCR, a transportation company with interests in private interstate highway concessions, airport operations, metro system in Brazil and other countries, for $855m. Votorantim already owns 5.8% of CCR and after acquiring the 14.86% stake owned by Andrade Gutierrez will split the combined stake with Itausa. Each group will end up owning 10.3% of CCR.