DIF Infrastructure IV has completed the sale of a 9.2 percent indirect stake in Atlandes, the special purpose vehicle (SPV) that holds the A63 road concession project in France, to a joint venture between AXA Investment Managers – Real Assets and Crédit Agricole Assurances.

The project is a 40-year toll concession to design, build, finance, operate and maintain an upgraded 64.6-mile section of the A63 highway between Salles and Saint-Geours-de-Maremne, in southwest France. The project also comprised the construction of two cross-lane toll barriers and parking facilities for 1,200 heavy goods vehicles (HGVs). The A63 project is part of the trans-European network and will sustain trade flows between the Iberian Peninsula and northern Europe.

DIF was advised by Depardieu Brocas Maffei (Legal). AXA Investment Managers – Real Assets and Crédit Agricole Assurances were advised by Orrick (Legal).