Bloomberg reports that Portuguese toll road company Brisa is deliberately seeking new opportunities to diversify its toll road portfolio as it bids for concessions in Turkey and India. Part of the motivation is to compensate for the expected poor performance in Portuguese toll roads as the economy is hit by recession, government austerity programme and risk of a sovereign debt crisis. Brisa is cash positive, but sees growth opportunities elsewhere after it sold out from its investment in Brazilian toll road company Cia. de Concessoes Rodoviarias SA.
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