Canadian pension fund Caisse de depot et placement du Quebec is looking to buy Andrade Gutierrez’s stake in Brazilian infrastructure company CCR SA O Globo columnist Lauro Jardim reported on Sunday.
O Globo said CDPQ aims to potentially take the company private in the future. Two banks – Bank of America and Santander – were mandated by CDPQ for the deal, according to the report.
Last month, Andrade Gutierrez canceled a deal with Brazilian asset manager IG4 to sell its 14.86% stake in CCR, saying certain preconditions were not met.
Read more/Source: Reuters
