Ferrovial has announced that it has sold its stake in two Greek toll road concessions, Central Greece and Ionian Roads, to GEK Terna for EUR85 million (US$96.6 million).

The buyer, Greece’s largest infrastructure operator, now owns 100% of both toll roads, having acquired Ferrovial’s respective 33.34% and 21.41% stakes.

The deal provides Ferrovial EUR80 million (US$90.9 million) in capital gains. The Central Greece concession runs from 2008 to 2038, and the Ionian Roads concession from 2007 to 2037.