Suez and Criteria sell stake in Aguas de Valencia
France's SUEZ and Spain's CriteriaCaixa have announced that they have sold their stakes in Aguas de Valencia to the Spanish company Fomento Urbano de Castellón, which now owns 97.35% of the shares.
The total value of this transaction, which regards 33.06% of the shares of Aguas de Valencia, is €70 million (US$76.8 million).
The transaction had been announced in 2014, when Fomento Urbano de Castellón already acquired interests in Aguas de Valencia from CaixaBank for €95 million, achieving a majority stake.
Aguas de Valencia is a business group comprised of 16 companies specialized in different areas related to water management. It provides supply to more than 3 million people. During its 125-year history its work has been linked to the progress and growth of more than 300 municipalities in Spain, Africa and Latin America.
Country news
-
-
July 25, 2016
John Laing Infrastructure Fund completes acquisition in Spain
John Laing Infrastructure Fund (JLIF) has announced that it has completed the acquisition of an additional 13.5% interest in the Barcelona Metro Stations Line 9 Section II project and a 13.5% interest in the Barcelona Metro Stations Line 9 Section IV project. The interests were acquired from co-shareholder Acsa, Obras e Infraestructuras, S.A.U., a member of the Sorigué group. Read more -
July 14, 2016
Globalvia submits bid to acquire Itinere
Globalvia, the Spanish PPP operator controlled by OPTrust, PGGM and USS, has submitted a bid to acquire a majority interest in Itínere, a Spanish operator of toll roads. The value of the transaction could reach €1 billion (US$1.1 billion).
Read more -
July 12, 2016
Sacyr and Eiser refinance Madrid transport hubs
Sacyr Concesiones, along with its partner EISER Infrastructure Partners, recently closed the refinancing of the debt in the concession companies which operate and manage Moncloa and Plaza Elíptica Transport Hubs in Madrid (Spain) for a total amount of €190 million (US$210 million). Read more -
July 04, 2016
OHL to sell 7% stake in Abertis
OHL Emisiones, S.A.U., a wholly-owned subsidiary of Obrascón Huarte Lain, S.A. (OHL), recently announced the commenced of a private placement among qualified investors of 69,326,692 shares of Abertis Infraestructuras, S.A., representing 7.0% of the share capital of Abertis. Read more -
July 04, 2016
Isolux Corsan announces a restructuring plan
In recent weeks, Isolux Corsan has been engaging with its core banks and their advisers, Jones Day and KPMG, and the ad hoc group of bondholders and their advisers, Linklaters and PJT. Those discussions have resulted in the restructuring proposal. The company is confident it will obtain the necessary majorities to implement the transaction principally by way of Spanish homologation. Read more
