Brisa may buy back shares

Portuguese motorway operator Brisa may buy back its own shares in the market soon and will maintain its dividend policy for the next five years, the company said in a statement yesterday. In the document, Brisa outlined some strategic guidelines, including the "possibility of, in the short term, acquiring treasury shares up to the limit of 10 per cent" of its capital. Brisa already holds own stocks equivalent to about 4 per cent of its capital. Some analysts had expected a special payout after Brisa sold its 16.35 per cent stake in Brazil's CCR for a net €1bn earlier this year. The company said it will maintain a stable dividend policy in line with previous years.