Cancellation of a concession in Buenos Aires
A court in Argentina has canceled a vehicle inspection concession awarded to Inspecentro S.A. in Buenos Aires (Inspecentro Buenos Aires), a business in which Opus had assumed control via an agreement. Since Inspecentro Buenos Aires has not yet started operating, there is no impact on Opus revenues in Argentina. However, a write-down of fixed assets may be required. Opus is evaluating legal options to appeal or possibly seek compensation.In July 2017, Opus entered into an agreement with the Portuguese vehicle inspection company Inspecentro – Inspeccao Periodica de Veiculos Automoveis, S.A.,