GIC consortium wins Pipa road concession in Brazil
A consortium of Brazilian fund manager Patria Investments and GIC has won an auction for a 30-year highway concession in Sao Paulo state. The BRL1.1 billion ($270 million) bid was double that of railway operator Ecorodovias Infraestrutura e Logistica for the 1,273 km Piracipacaba-Panorama (Pipa)...