Globalvia takes 55% share in Portuguese road

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Globalvia takes 55% share in Portuguese road

Globalvia has announced it has increased its stake in Beira Interior Highway (Scutvias) acquiring 33.33% from SDC Investimentos, formerly Grupo Soares da Costa.

With this transaction, Globalvia now holds 55.55% of the Portuguese concessionaire and thus, gains control of the asset.

The deal encloses the buyout of the same stake of the two companies, MRN and Portvias, that provide operation and maintenance services to Scutvias.

The Beira Interior Highway (Scutvias) is located in the center of Portugal, between Abrantes and Guarda, has a length of 198 km and more than 22 million vehicles a year. It is a high quality asset that channels stable traffic from Beira Interior to the south of Portugal, and from northern Spain to Lisbon.

The concessionaire was tendered in October 1999 for a term of 33 years and it entered into service in 2005 after the construction works. The concession period will end in 18 years, in 2035. 

The total investment for the project was €933 million (US$985 million).

Javier Pérez Fortea, CEO of Globalvia, said:

"This is a new step in Globalvia's growth strategy, that consolidates our interest and position in Portugal."

List of country news

Country news

  • October 24, 2016

    Meridiam completes road acquisition in Portugal

    Meridiam has announced that it has completed the acquisition of a Portuguese road. Read more
  • October 13, 2016

    SUSI Renewable Energy Fund II successfully reaches final closing at €380 million

    The SUSI Renewable Energy Fund II (SUSI RE II) has reached final closing at €380 million (US$425.5 million). Read more
  • August 08, 2016

    Ardian acquires Portuguese road concessions

    Ardian, the independent private investment company, has announced the signing of an agreement to acquire the shares of Ascendi Group in Ascendi PT II, the joint venture in Portuguese motorways. Read more
  • June 27, 2016

    Ferrovial sells stakes in two Portuguese toll roads to Dutch fund manager DIF for 159 million euros

    As a result of this transaction, Ferrovial will retain a stake of 49% in Norte Litoral and 48% in Via do Infante, keeping its position as the relevant industrial partner for both assets. Read more
  • May 09, 2016

    Portuguese town tenders two concessions

    The municipality of Vila Real de Santo António, a town in Algarve (Portugal) with about 20,000 inhabitants, has recently published two concessions for the development of a multi-purpose sports facilities and the construction of a hotel. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.