The Public Sector Pension Investment Board (PSP Investments) and Grupo Isolux Corsan​ have completed the split of Isolux Infrastructure Netherlands B.V. 

As a result of the transaction, PSP Investments is now the sole shareholder of Isolux Infrastructure, which will be renamed ROADIS. With a portfolio of 1,644 km of roads across 9 concessions located in Brazil, India, Mexico, Spain and the United States, ROADIS will serve as PSP Investments' new global road investment platform.

Additionally, Isolux Corsan received all the solar PV projects of T-Solar and the power transmission and distribution assets, while PSP Investments kept the Wind Energy Transmission Texas, LLC joint venture (WETT), which consists in 375 miles of 345 kV transmission lines and six switching stations. 

This break up puts an end to a process that has entailed over 150 approvals from different regulators, granting authorities, antitrust clearances, lenders and other financial entities in various jurisdictions such as the USA, Brazil, Mexico, Peru, India and Spain among others.

Guthrie Stewart, Senior Vice President, Global Head of Private Investments at PSP Investments, stated:

"Building partnerships with strong operators and leveraging industry-specialized platforms is one of PSP Investments' strategies to capture value and generate attractive returns. This transaction is an excellent example of this strategy being put to action. The ROADIS management team has proven capabilities to source and successfully execute new acquisitions in the road sector. We look forward to supporting them in growing the ROADIS portfolio in this new and exciting phase for this platform,"