The electronic road toll payment market in São Paulo, Brazil, is said to have seen growth in recent months following the break of the state monopoly.
The state's road toll payment regulatory body,5380 Artesp, is close to approving Move Mais, which has attracted the interest of several groups seeking a partnership.
Also in the sector, Raizen, from Cosan and Shell, has recently acquired a 10% share in Servicos e Tecnologia de Pagamentos (STP) for US$113.24 million (BRL250 million), while, according to Bloomberg,2688 Ecorodovias is currently in negotiations for an 11.4% share in STP.
Meanwhile, U.S. firm FleetCor is also in negotiations for the acquisition of an as yet undetermined percentage of DBTrans, owner of Auto Expresso. ConectCar, a joint venture involving1305 Odebrecht and Ultra, has announced plans to invest $67.64 million (BRL150 million) in toll booth infrastructure, but does not plan for any new partners in the enterprise.
The Brazil tolling sector sees high margins, with STP reporting a profitability of 87.3%, and its potential for growth, with the Brazilian Government hoping to place an electronic chip in every car, makes it a target for investors.
The state's road toll payment regulatory body,
Also in the sector, Raizen, from Cosan and Shell, has recently acquired a 10% share in Servicos e Tecnologia de Pagamentos (STP) for US$113.24 million (BRL250 million), while, according to Bloomberg,
Meanwhile, U.S. firm FleetCor is also in negotiations for the acquisition of an as yet undetermined percentage of DBTrans, owner of Auto Expresso. ConectCar, a joint venture involving
The Brazil tolling sector sees high margins, with STP reporting a profitability of 87.3%, and its potential for growth, with the Brazilian Government hoping to place an electronic chip in every car, makes it a target for investors.
