Andrade Gutierrez S.A. is considering the sale of its 14.86% share in infrastructure operator CCR S.A. (BOVESPA:CCRO3) following the offer from IG4 Capital Investimentos Ltda. which led to a 10.25% increase in share prices on 7 May 2021. The company's proposal is for payment of BRL 15.44 (€2.42, $2.95) per share, for a total value of BRL 4.6 Billion including the earn-out payment. CCR has not commented on the matter, noting that it will be a decision for shareholders. Other controlling shareholders will have preferential right to the Andrade Gutierrez share for a 30 day period in line with the terms of the shareholders agreement. Sources indicate that for Andrade Gutierrez the sale would provide funds to be used to reduce its debts by around 95%, and provide space for new investments. The company is not planning on selling any other assets at this time.