Brazilian Toll Road Chooses Public Option

Via Bahia Concessionaria de Rodovias has filed to become a public company in Brazil. The operator of 680km of toll roads in the state of Bahia has asked for the initial designation that allows for public debt and equity offerings, though it does not indicate specific plans. Increasingly selective Brazilian equity investors have noted interest in seeing more toll road IPOs as they want to buy into companies capable of consistently generating cash and able to cope with inflation.