The Paris based Ardian infrastructure fund that bought Ascendi from the Mota-Engil / Novo Banco duo refinanced part of the debt linked to the acquisition of a 3.21% Portuguese concessions block with 11-year maturity. Private placement of EUR 75 million (US$ 84.13 million) occurred last week.
German MEAG, the arm of insurer Munich Re and the French infrastructure-focused fund CM-CIC, participated in the Ascendi concession operations. Ascendi concession is the second largest road network in Portugal with 850 kilometers of road network with 7 toll roads.
Initially, Ardian invested EUR 300 million (US$ 336.53 million) to buy 50% of five Ascendi concessions that were operational and had already completed the renegotiation with the state.
Country updates
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May 10, 2019
Lisbon airport awarded airport of the year by the 2019 air transport awards
Lisbon airport has been awarded Airport of the Year by Air Transport News (ATN) at the 2019 Air Transport Awards, held in partnership with the Hermes Air Transport Organization. The Air Transport Awar...
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May 08, 2019
Vinci Airports announces new investment for Porto Airport
With the increase of traffic growth of the Portuguese airports (from 30 million passengers in 2012 to more than 55 million in 2018), VINCI Airports has announced a EUR15 million (US$17 million) invest...
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January 30, 2019
Lenders take over Portuguese road concession
A consortium of lenders has taken over Auto-Estradas do Douro Litoral (AEDL), a concession company that operates and maintains the A41, A43 and A32 toll roads (total length of 73km), located in P...
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January 09, 2019
VINCI to invest US$1.3 billion to create dual airport system in Lisbon
VINCI Airports has announced that its 100% subsidiary ANA (Aeroportos de Portugal) has signed an agreement with the Portuguese governement concerning a major extension of the airport capacity in the L...
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January 08, 2019
ANA signs an agreement to finance the expansion of Lisbon’s airport capacity
ANA – Aeroportos de Portugal, the concessionaire of 10 airports in Portugal and 100% subsidiary of VINCI Airports, on January 8, 2019, signed an agreement with the Portuguese government on...
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