Sole M&A Advisor to ASTM and SIAS on the acquisition of a majority stake in Ecorodovias and Vem ABC
ASTM-SIAS / Ecorodovias-Vem ABC
Acting as the sole M&A advisor and the fairness opinion advisor to ASTM and SIAS, Nomura assisted the Italian toll road operators gain exposure to the developing emerging market toll road infrastructure of Brazil. Through complex transactions via capital increase, ASTM and SIAS, along with their Brazilian partner CR Almeida, will jointly control and co-manage two controlling stakes in Ecorodovias, the listed infrastructure and logistic operator, and in Vem ABC, a monorail concession under development in Sao Paulo. The transaction is transformational for ASTM/SIAS, more than doubling the km of toll road network under concession and significantly diversifying the Group outside of Italy.