A Commercial Court in Madrid has suspended the sale of Spanish highway operator Itínere, having accepted precautionary measures requested by Globalvía. 

Globalvía signed agreements 56% of the company from minority shareholders Sacyr, Abanca and Kutxa in July this year. However, in September, current largest shareholder Corsair Capital launched a counter-offer and signed agreements to acquire minority shares that resulted in a net 59.2% share holding, in partnership with APG.

Sacyr's Board of Directors are reportedly deciding whether to maintain the company's agreement to sell its 15.5% stake in Itínere to Globalvía, ​​or Corsair's offer. Sacyr has confirmed that it has received these precautionary measures, but has refused to comment further on the progress of the sale.

Itínere currently owns six motorway concessions, all located in northern Spain, which altogether span over 600km.