EcoRodovias sells further stake in toll collector

Brazilian highway concessionaire EcoRodovias has sold an 11.4% stake in a toll collection service, Serviços e Tecnologia de Pagamentos, to a private equity firm, it said on Tuesday. Freelane I and II, controlled by Capital International Private Equity Fund, have agreed to pay BRL292m ($121m) for the asset. EcoRodovias says the sale strengthens its capital structure and allows it to focus on new logistics projects in Brazil. EcoRodovias agreed to sell a 1.3% stake in STP in July to Raizen for BRL33m.