Abertis and GIC have closed the acquisition of a 72.3% stake in Red de Carreteras de Occidente (RCO), one of the largest motorway operators in Mexico. The consortium has acquired a 70% stake held by Goldman Sachs Infrastructure Partners (GSIP) and an additional 2.3% stake held by local investors and pension fund managers (AFORES), minority shareholders of the company.

Thus, Abertis has acquired a 51.3% stake of RCO for an amount of c. EUR 1.5 Billion (US$ 1.69 billion), and will have control of the company, which will be fully consolidated in the Abertis Group's accounts.

RCO controls five concessionaires that manage 876 km of roads. It is one of the largest toll road networks in Mexico constituting the main transportation route in the central-western region and connecting the main industrial corridor of El Bajío with the two largest cities, Mexico City and Guadalajara.

Abertis has financed this acquisition with available cash and committed medium- and long-term bank facilities. The transaction is neutral from a rating perspective and rating agencies have already taken this acquisition into consideration in their latest rating reports on the company.