CCR’s shares are negotiated at the São Paulo Stock Exchange (Bovespa) under the ticker CCRO3.
The Novo Mercado is a listing segment for the trading of shares issued by companies that voluntarily commit to adopting corporate governance practices in addition to what is required by the legislation.
The main innovation of the Novo Mercado is the requirement that a company’s capital must be solely represented by common shares (voting shares). However, companies listed on the Novo Mercado also have the following additional obligations:
» To extend the same conditions obtained by the controllers to all shareholders in case of disposal of control (tag along).
» To hold a tender offer for the acquisition of the entire outstanding stock, paying at least the economic value, if the company goes private or is delisted from the Novo Mercado.
» To have a Board of Directors with a minimum of five (5) members and a joint term of office of up to two (2) years, re-election being permitted. At least 20% of its members must be independent.
» To enhance the quality of information provided by adding consolidated financial statements and cash flow statements to the Quarterly Report (ITR) – a document containing quarterly financial statements submitted by the publicly-held companies to the CVM and the BOVESPA and released to the public;
» To provide further information on the fiscal year by adding other information, including cash flow statements to the Standard Financial Statements (DFPs) – a document containing annual financial statements submitted by the publicly-held companies to the CVM and the Bovespa and released to the public;
» To disclose financial statements pursuant to the IFRS or US GAAP international standards;
» To add the number and characteristics of the securities issued by the company and held by the controlling shareholders, members of the Board of Directors, executive officers and Fiscal Council members, as well as the evolution of said interests to the Annual Information Statement (IAN) – a document containing corporate information statements submitted by the publicly-held companies to the CVM and the Bovespa and released to the public;
» To hold public meetings with analysts and investors at least once a year;
» To present an annual calendar featuring a schedule of corporate events, such as shareholder meetings, disclosure of results etc;
» To disclose the terms of contracts entered into by the company and related parties;
» To disclose information on the trading of the Company’s securities and derivatives by the controlling shareholders on a monthly basis.
» To maintain a minimum free float of twenty-five percent (25%) of the Company’s capital stock.
» To adopt mechanisms leading to capital spread when holding public offerings of shares;
» To resort to the Market Arbitration Chamber to resolve corporate conflicts.
In addition to being included in the Novo Mercado Listing Rules, certain of these obligations must be approved by Shareholders Meetings and included in the company’s bylaws. For further information, please click here.
In order to invest in shares issued by CCR or any other company, you need to contact a securities broker. The list of brokerage firms operating in Brazil is available on B3’s website. For information on B3’s operations, please access www.b3.com.br/en_us.
CCR has issued a total of 2,020,000,000 shares, 55% of which outstanding.
CCR is listed on the Novo Mercado; therefore, its capital stock comprises only registered common shares (“ON”).
As a result CCR shareholders are entitled to:
» voting rights (stipulated by the Brazilian Corporate Law)
» 100% tag along (the Brazilian Corporate Law establishes that common shareholders are entitled to receive a minimum of 80% of the amount paid to the controlling shareholders if the company is sold, which is known as tag along. The extension of the conditions obtained by the controlling shareholders to all the shareholders if the control is sold – 100% tag along is an innovation of the company’s listed on the Novo Mercado, as stipulated by the Novo Mercado Listing Rules);
The dividend policy is established by the Company’s By-laws, Chapter VI – FISCAL YEAR AND FINANCIAL STATEMENTS, as shown below:
“CHAPTER VI. – FISCAL YEAR AND FINANCIAL STATEMENTS –
Article 20. – The fiscal year begins on January 1 and ends on December 31. At the end of each fiscal year, financial statements for the twelve-month period are presented to the Board of Directors and the Shareholders Meeting.
Sole Paragraph – The Company will prepare six-month balance sheets, pursuant to the applicable legal provisions.
Article 21. – Each fiscal year’s net income, after legal deductions, will be allocated as established by the Shareholders Meeting according to the proposal presented by the Board of Directors and the Fiscal Council, if it is in operation.
§ 1 – Shareholders are entitled to receive annual compulsory dividends not lower than 25% (twenty-five percent) of the fiscal year’s net income adjusted according to article 202 of Law 6.404/76 and amendments thereto.
§ 2 – The Company’s board of Directors may decide to declare interim dividends based on (i) the six-month financial statements, or (ii) retained earnings or income reserves in the last annual or six-month balance sheet.
§ 3 – The Company may also pay interest on own capital, pursuant to the applicable legislation.
§ 4 – Interim dividends and the interest on equity declared in each fiscal year will be imputed to the minimum compulsory dividends for the result of the fiscal year in which they are paid.
§ 5 – Net income that is not allocated to the legal reserve, to the reserve for contingencies, to the retention of earnings established by the budget approved by the Shareholders Meeting and or to the reserve of earnings to be realized should be distributed as dividends.
Article 22. – Dividends distributed and unclaimed for 3 (three) years will return to the Company.”
CCR is controlled by the following companies (listed below with their respective interests):
Andrade Gutierrez – 14.86%
Camargo Corrêa – 14.86%
Soares Penido Concessões – 15.05%
Novo Mercado (Free Float) – 55.23%
NovaDutra – Concessionary of Rodovia Presidente Dutra S.A. – BR-116, connecting Rio de Janeiro and São Paulo.
AutoBAn – Concessionary of Sistema Anhangüera Bandeirantes S.A. – three roads connecting São Paulo, Campinas and Limeira.
Rodonorte (1) – Concessionary of Rodovias Integradas S.A., or Rodonorte – four roads connecting Curitiba, Apucarana, Ponta Grossa and Jaguariaíva.
ViaLagos – Concessionary of Rodovia dos Lagos S.A. – three roads providing Região dos Lagos in the State of Rio de Janeiro.
ViaOeste – Concessionary of the Castello Branco-Raposo Tavares road system, located in the State of São Paulo.
RodoAnel – The Concessionary RodoAnel is the company responsible for administrating the 32-kilometer western segment of the Mário Covas Ring Road, which is an important beltway connecting the Raposo Tavares, Castello Branco, Anhangüera, Bandeirantes, and Régis Bittencourt highways, over which 240,000 vehicles travel every day.
Renovias – The roads administered by Renovias nowadays with an extension of 345.6 kilometers, connecting the city of Campinas to the South of the state of Minas Gerais. With a distribution of 220.5 kilometers of double lanes and 125.1 kilometers of single lanes, the road network interfaces with 15 cities: Campinas, Jaguariúna, Santo Antônio de Posse, Mogi Mirim, Mogi Guaçu, Estiva Gerbi, Aguaí, Casa Branca, Mococa, Espírito Santo do Pinhal, São João da Boa Vista, Águas da Prata, Vargem Grande do Sul, Itobi and São José do Rio Pardo.
SPVias – The highways currently managed by the company total 515.0 km, linking the regions of Sorocaba, Tatuí, Avaré and Itapeva. Its highway network interfaces with approximately 12 municipalities in the Southwest quadrant of the state of São Paulo: among these are important centers such as Sorocaba and Avaré. The SPVias concession contract was signed in February 2002 and its operations are scheduled to expire in September 2027.
ViaQuatro(1) – Concessionary of Line 4 of the São Paulo subway.
ViaRio(1) – Concessionary responsible for the construction and, further, for the management of the 13.0-kilometer expressway, connecting the districts between Deodoro and Barra da Tijuca, in the city of Rio de Janeiro. The construction of Transolímpica is part of the investment package for the 2016 Olympics.
Barcas(1) – Concessionary that holds the operating rights of the regular passenger waterway transport lines, in the state of Rio de Janeiro.
International Airport of Quito(1) – Concessionary of the International Airport of Quito (NAIQ), in Ecuador. The airport is located in the tax-free trade zone.
International Airport of San Jose(1) – Concessionary of the International Airport of San Jose (AISJ), in Costa Rica. The International Airport of San Jose is located in the district of Alajuela, approximately 20 km from downtown San Jose.
International Airport of Curacao(1) – Concessionary of the International Airport of Curaçao (AIC), in Curacao. The International Airport of Curaçao (“AIC”) is located at the North coast of the Curacao Island, approximately 15 km from downtown Willemstad.
(1) We hold 100% of each of our concessionaries, except for RodoNorte (85.92% company’s share and 14.08% held by local shareholders); ViaQuatro (58%); RodoAnel (98.9%); Renovias (40%); Transolímpica (33.33%); Barcas (80%); Quito (45.5%); San Jose (48.75%); and Curacao (40.8%).
NovaDutra – 402 Km
AutoBAn – 317 Km
Rodonorte – 568 Km
ViaLagos – 60 Km
Via Oeste – 162 Km
RodoAnel – 32 Km
Renovias – 345 Km
SPVias – 515 Km
Via Quatro – 13 Km
ViaRio – 13 Km
MSVia – 847.2 km
VLT – 270 km
Salvador Metro System – 41 km
NovaDutra – February, 2021
AutoBAn – April, 2027
Rodonorte – November, 2021
ViaLagos – January, 2047
Via Oeste – December, 2022
ViaQuatro – April, 2040
RodoAnel – June, 2038
Renovias – June, 2022
SPVias – September, 2028
ViaRio – April, 2047
MSVia – April, 2044
Barcas – February, 2023
International Airport of Quito – January, 2041
International Airport of San José – May, 2026
International Airport of Curaçao – August, 2033
BH Airport – April, 2044
Bahia Metro System – October, 2043
ViaRio – June, 2047
ViaMobilidade – August, 2038
VLT- September, 2038
NovaDutra – ANTT (National Land Transportation Regulatory)
AutoBAn – ARTESP (São Paulo State Transport Agency)
Rodonorte – DER – PR (Paraná State Highway Department)
ViaLagos – DER – RJ (Rio de Janeiro State Highway Department)
Via Oeste – ARTESP (São Paulo State Transport Agency)
ViaQuatro – São Paulo State Government
Renovias – ARTESP (São Paulo State Transport Agency)
RodoAnel – ARTESP (São Paulo State Transport Agency)
SPVias – ARTESP (São Paulo State Transport Agency)
ViaRio – Municipal Government of Rio de Janeiro
Barcas – Rio de Janeiro State Government
International Airport of Quito – Municipio del Distrito Metropolitano de Quito
International Airport of San José – CETAC (Consejo Técnico de Aviação Civil)
International Airport of Curaçao – CAH (Curaçao Aiport Holding)
The shareholder can obtain its shareholding position at any branch of Banco Itaú S.A., bearing the following documents:
CPF (Individual Taxpayer’s Card)
RG (ID card)
Proof of address
(original, or notarized photocopy)
Attorneys-in-fact must present the power of attorney and their personal documents.
Copy of the Company’s By-laws
Current List of Officers
Personal documents related to the request.
Attorneys-in-fact must present the power of attorney and the personal documents of the attorneys-in-fact and the represented parties.
Information will be send to the shareholder, according to the address in the Share Registry.
At the Securities Agencies, the shareholder may obtain information on their position immediately upon the presentation of the aforementioned documents.
Attorneys-in-fact may obtain information on the shareholding position at Securities Agencies by presenting an identity card, CPF, proof of residence and a copy of the power of attorney.
Portfolio – January to April 2010
CCR is also listed in the MSCI Latin America index
Quarterly earnings conference calls in English and Portuguese
Site with all the necessary information
Events for institutional investors
Events for individual investors
Visits to the highway’s Operational Control Center