IG4 Capital and Macquarie agreed to acquire a 14.86% stake in Brazil-based toll road company CCR from Andrade Gutierrez Participações for up to BRL5b (~USD960m).

(Nasdaq) SAO PAULO, Aug 26 (Reuters) – Macquarie Asset Management and Brazilian private equity firm IG4 Capital have reached an agreement to acquire a 14.86% stake in toll road company CCR SA CCRO3.SA from Andrade Gutierrez Participacoes, IG4 said in a statement on Thursday.

Both Macquarie and IG4 will pay up to 5 billion reais ($959.69 million) for this stake. IG4 added it will be part of CCR’s shareholders agreement. In May, CCR announced that it had bid to buy Andrade Gutierrez’s stake in it.

($1 = 5.2100 reais)

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