Macquarie and Eiffage buy stake in A41 motorway
Macquarie Group and Eiffage SA have announced they have acquired an stake in A41 motorway.
AREA, APRR subsidiary, has signed an acquisition contract regarding the Bouygues Group's entire 46.1% interest in ADELAC capital. APRR (Autoroutes Paris-Rhin-Rhône) is a company owned by Eiffage and Macquarie managed funds.
The companies haS entered in a agreement with AREA, a subsidiary of APRR to acquire an additional 46.1% interest in ADELAC for €130 million (US$138 million).
ADELAC is the concessionaire of the A41 motorway, a 19.6km commuter road between Annecy in eastern France and Geneva in Switzerland, with a concession expiry of 2060.The motorway opened to traffic in 2008.
AREA has an existing 49.9% interest and is the operator of the motorway.
Following the Bouygues group project to initiate the disposal of its 46.1% of ADELAC capital, AREA has exercised its pre-emptions rights for €130 million (US$138 million). As part of an internal restructuring of this holding, it is planned that AREA will subsequently sell those 46.1% to Eiffage and Macquarie Autoroutes de France 2.
Eiffage's interest in ADELAC capital will remain accounted for as an associates in Eiffage accounts.
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