Arcus Infrastructure and Jose de Mello Group are selling an 80% stake in Brisa Auto-estradas de Portugal. French investment fund Ardian and Australian Macquarie Group have submitted their initial offers for the stake. Spanish company Abertis Infraestructuras has also sent their bids for stake in Brisa.

Brisa - Auto-estradas de Portugal was created in 1972. In five decades it has become one of the largest tolled motorway operators in the world and the largest transport infrastructure company in Portugal. Brisa's main business area is the construction and operation of tolled motorways, both through direct investments in Portugal, as well as through its national and international subsidiaries.

Arcus Infrastructure and Jose de Mello Group are expected to shortlist the bidders that presented initial offers for participation in Brisa in few days and invite them to present the binding offers. The transaction is expected to be completed by the end of the first half of 2020.