Material Fact – Amendment and Modifying Instrument of the Concession Agreement between Renovias and the São Paulo State Government.
Material Fact – Amendment and Modifying Instrument of the Concession Agreement between Renovias and the São Paulo State Government.
MATERIAL FACT
CCR S.A. (“Company”) (B3: CCRO3; Bloomberg: CCRO3 BZ; Reuters: CCRO3.SA), in continuity to the Material Fact disclosed on June 7, 2022, informs that, on this date, it signed the Amendment and Modifying Instrument 21/2022 of the Concession Agreement 004/CR/1998 (“Concession Agreement”) between Renovias Concessionária S.A. (“Renovias”), a concessionaire that belongs to the CCR Group and the São Paulo State Government, through the Logistics and Transportation Secretariat (“Granting Authority”), with the Regulatory Agency for Delegated Public Transportation Services of the São Paulo State (“ARTESP”) as the consenting intervening party, as per the summary published in the São Paulo State Official Gazette, pursuant to Law 8,666/1993.
The object of the Amendment and Modifying Instrument 21/2022 was to (i) acknowledge the economical-financial imbalance of the Concession Agreement on behalf of Renovias, resulting from the change in the readjustment index of the toll rates; (ii) revise the previously performed calculations corresponding to the first two-year period (July 1, 2013 to June 30, 2015), the second two-year period (July 1, 2015 to June 30, 2017), and the third two-year period (July 1, 2017 to June 30, 2019); (iii) acknowledge the imbalance of the fourth two-year period (July 1, 2019 to June 30, 2021); and (iv) re-balance the concession by means of an extension of four hundred eighty-two (482) days in the term of Renovias’ Concession Agreement, which is expected to expire on October 7, 2023.
The signing of the Amendment and Modifying Instrument 21/2022 reflects Grupo CCR’s respect for its long-term partnership with the São Paulo State Government and its commitment to developing infrastructure in the State.
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São Paulo – SP, July 18, 2022.
CCR S.A.
WALDO PEREZ
Investor Relations Officer
IR CONTACT
Phone: (11) 3048-5941 / 5955 / 6353 / 2108
Email: invest@grupoccr.com.br
Website: www.ccr.com.br/ri
