U.S. FleetCor to buy Brazil's Sem Parar for $1.12 bln, CCR says

March 15, 2016 10:56 AM

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BRASILIA, March 15 U.S. group FleetCor Technologies Inc. agreed to buy Brazil's largest electronic toll road payment company Sem Parar for 4.086 billion reais ($1.12 billion) through a local subsidiary, one of Sem Parar's shareholders said on Tuesday.

Highway concession operator CCR SA said it reached an agreement with other shareholders to sell Serviços e Tecnologia de Pagamentos S.A., as Sem Parar is formally known, to FleetCor-owned DBTrans Administradora de Meios de Pagamento Ltda, a Brazilian toll road operator.

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