Without stopping sells for $ 4 bi

Sao Paulo-the CCR infrastructure concessions company announced the sale of its stake of 34% of STP for 1.4 billion R$ to American-controlled company for FleetCor Technologies. The CCR and the other shareholders of STP, which operates the service of tolls without stopping, they hit contract for sale of 100% of the company for DBTrans, by R$ 4.086 billion.
The sale will provide the infrastructure concessions improve the result this year and expand the capacity of new investments, said the company''s Chairman, Renato Valley.
According to him, the deleveraging that the company will have with the sale of this asset will allow to be more aggressive in growth. Yet as the CCR Executive, the company sees opportunity in primary markets (bidding new projects) and secondary (concessions).
At airports, the CCR is more focused in Salvador (BA) and Fortaleza (CE), which make the most sense for the company than the South, airports of Florianópolis (SC) and Porto Alegre (RS), on account of the prospects for international flights, said Valley. It is worth remembering that the Government intends to bid on the four terminals this year. "Unless we have a negative surprise results of the company, if we can assemble project and we understand that it is feasible, we will participate."
On highways, are both federal projects evaluation of the second phase of the programme of investments in logistics (PIL) as the State grants program of the Government of São Paulo. "We have a very large investment to accomplish [this year] with the current business, 5.8 billion R$, but perfectly balanced with own resources or funding."
Debt scrollbars
The largest amount of resources in cash with the sale of the slice of the STP will also leave the company to pursue the market to make debt and scrollbars decrease your debt index, according to the Executive. Consolidated net debt of the RAC reached 11.5 billion R$ the end of 2015.
Leverage as measured by net debt rises Ebitda reached 3.2 times, compared to 2.4 times at the end of the fourth quarter of 2014, due to new projects in implementation even without cash generation. According to Vale, the progressive change of profile of STP for a means of payments and loans and advances to customers run the focus of CCR.