Ardian hires Mediobanca and AZ capital to sell Catalonian tunnels concession
Ardian hired investment banks Mediobanca and AZ Capital to sell its 49.9% stake in Catalonian tunnels concession. The 25-year concession in talks includes management of the Vallvidrera Tunnels and Cadí Tunnel. The Cadí Tunnel is the main connection point between the central region of Catalonia and the Pyrenees while the Vallvidrera Tunnels link Barcelona with the main cities of the region's interior. The two concessions are 41 kilometres in length including 10 kilometres of tunnels.
Ardian has opened a sales process after rejecting the offer presented by Abertis, owner of the remaining 51.1% of these payment roads. Abertis offered more than 100 million EUR (US$ 114.77 million) for the 49.9% stake. The sale process is still at a preliminary stage.
Country updates
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February 14, 2019
Abertis to sell Spanish satellite operator for US$1 billion
Abertis, via its subsidiary Abertis Telecom Satélites, has reached an agreement with Red Eléctrica Corporación to sell its 89.7% stake in Hispasat for EUR949 million (US$1.07 bill...
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February 06, 2019
DIF completes acquisition of Spanish hospital
DIF has announced that it has closed the acquisition of a 100% interest in a concession to construct, maintain and operate the non-medical services of Infanta Leonor Hospital, located in the Vall...
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January 31, 2019
Franklin Templeton Social Infrastructure Fund buys first assets
The Franklin Templeton Social Infrastructure Fund (FTSIF), an open-ended real estate-oriented social impact infrastructure fund managed by Franklin Real Asset Advisors (FRAA), has made its first inves...
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January 17, 2019
TIIC fund to acquire stake in Spanish light rail concession
The Transport Infrastructure Investment Company (TIIC)'s Fund II is in the process of acquiring a 13.4% stake in a SEM Los Tranvías de Zaragoza S.A., concessionaire of a light-rail system in Za...
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January 14, 2019
Sacyr and 3i secure junior debt for Spanish road concession
Rubicon Infrastructure Advisors has announced the closing of a junior debt loan facility for a portfolio company that is majority owned by Sacyr Concesiones S.L. and 3i Managed Infrastructure Acquisit...
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