Ferrovial and Interogo Holding, via its infrastructure investment fund Inter Infrastructure Capital (IIC), have created a joint venture vehicle (Umbrella Roads BV) to manage Ferrovial’s stakes in a number of road and parking concessions in Spain, Scotland, Ireland and Canada.
Ferrovial will transfer the economic rights and hold the majority of the voting rights in Umbrella Roads BV through its toll road division Cintra, which will manage the operations under a service agreement. The transferred stakes include:
The transaction is valued at EUR 100 million (US$ 108 million) which represents no material capital gain.
BESIX Netherlands, in collaboration with its partners in the De Groene Boog consortium, has announced the receipt of the Availability Certificate for the A16 Rotterdam project in the Netherlands.
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