Brazil's Ecorodovias wins 30-year highway concession in Sao Paulo
Adds details from the proposal in paragraphs 2-3, and context in paragraphs 3-5
SAO PAULO, Nov 28 (Reuters) -Brazilian transport firm Ecorodovias ECOR3.SA has won a 30-year highway concession in Sao Paulo state for 30 years, with a proposal for 2.19 billion reais ($365.9 million), stock exchange B3 announced on Thursday.
The concession is for a 92-kilometer stretch of highway linking Latin's America most populous city, Sao Paulo, to other cities in the state, and would require around 8 billion reais in investments over the 30-year concession.
Brazilian concession operator CCR CCRO3.SA currently operates the highway, though its concession is set to expire early next year.
Shares in Ecorodovias extended their losses after winning the highway auction, trading down 9% before closing.
($1 = 5.9887 reais)
Reporting by Patricia Vilas Boas and Alberto Alerigi Jr. in Sao Paulo; Writing by Andre Romani; Editing by Sarah Morland and Kylie Madry
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