RIO DE JANEIRO, BRAZIL - The 'Consórcio Infraestrutura Brasil' ("Brazil Infrastructure Consortium"), comprising 'Pátria' and GIC (Singapore Sovereign Fund), has won the auction for the Piracicaba-Panorama road section (named PiPa), held on Wednesday, January 8th, at the B3 Stock Exchange. The consortium placed a bid of R$1.1 billion (US$275 million) for the lot.
According to the Transportation Agency of the State of São Paulo (ARTESP), the amount of R$15 million had been established as the minimum acceptable bid.
Heavyweight concessionaires did not participate in the auction. CCR and Arteris, which currently operate part . . .