We have been investing in Brazil’s infrastructure since 1899, when we began building the hydroelectric plant in Parnaíba, built to supply the first public lighting systems and electric-powered mass transport (trams). Our current infrastructure portfolio represents approximately 40% of the total assets under management in Brazil and supports the backbone of the country’s economy.
Since 2012, through a joint venture with the Spanish group Abertis, we have been co-controllers of Arteris, the largest highway concession company in Brazil in terms of kilometers managed. Since 2014, we have also held a 26.5% stake in VLI, an integrated logistics company that operates railways, ports and intermodal terminals and in which we are partners with Vale, Mitsui and FI-FGTS. In 2015, we entered into a partnership with the Spanish group ACS, from which we now hold concessions to build and operate 4,310 km of power transmission lines. In 2017, we created a company called Quantum to manage these transmission projects.
Between 2016 and 2017 alone, our assets in this segment grew significantly, climbing from BRL 9 billion to BRL 32 billion. This increase was mainly due to the acquisition of a 90% stake in NTS through a consortium led by Brookfield, for USD 5.1 billion, one of the largest transactions in the Brazilian market in 2017.