Bloomberg News

Brisa Unit May Ask for 1 Billion Euros, Diario Says

March 13, 2012

(Corrects currency conversion to dollars in first paragraph.)

Brisa-Auto Estradas de Portugal SA’s Brisal unit may seek about 1 billion euros ($1.3 billion) in compensation from the Portuguese state through an arbitration tribunal, Diario Economico reported, without saying how it got the information.

The unit of Portugal’s biggest highway operator may seek the payment because it registered lower traffic levels than those projected in its Litoral Centro highway concession contract with the state, the Portuguese newspaper said.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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