Abertis, GIC to Acquire 70% in Red de Carreteras de Occidente
October 11 2019 - 07:40AM
Dow Jones News
By Sarah Sloat
Abertis SA and investor company GIC have reached an agreement to
acquire 70% of Red de Carreteras de Occidente, a Mexican toll-road
operator, from Goldman Sachs Infrastructure Partners and its
affiliates.
Abertis, part of Atlantia Spa (ATL.MI), said that as part of the
deal it would acquire a 50.1% stake in ROC from GSIP for 1.5
billion euros ($1.65 billion). The total enterprise value of ROC is
about EUR5 billion, Abertis said.
The transaction will be carried out by a consortium formed by
Abertis, which will control ROC, and GIC, an investment firm that
manages Singapore's foreign reserves.
The remaining 30% of RCO is held by local investors and pension
fund managers, Abertis said.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
October 11, 2019 07:25 ET (11:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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