Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

CCR Falls as Folha Says Sao Paulo to Cut Road Tolls by 20%

CCR SA, the manager of Sao Paulo state’s main highways, fell after newspaper Folha de S.Paulo reported that it reached an agreement with the government to reduce tolls as much as 20 percent.

Shares slumped 1.5 percent to 20.33 reais at the close of trading in Sao Paulo, while the benchmark Bovespa index rose 1.5 percent.

Sao Paulo Governor Geraldo Alckmin may announce the reduced tolls next month, Folha reported, without saying where it got the information. CCR’s press office in an e-mailed response to questions said the company “is always willing to find solutions that benefit and improve services to clients.” It didn’t say if it plans to lower the road-use fees. Artesp, the agency that administers highway concessions, didn’t respond to a phone call seeking comment.

CCR manages the roads that connect the state capital to its second-biggest city, Campinas, and Sao Paulo to Rio de Janeiro. The shares have gained 4.5 percent this year while the Bovespa slumped 8.3 percent.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.