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July 25, 2008


IL&FS acquires Elsamex in Spain

It is reported that IL&FS Transportation Networks Limited has acquired road maintenance, operation and management company Elsamex SA of Spain for EUR 50 million.

The proposed acquisition highlights the increased focus on the operation and maintenance capabilities of road operators in India. IL&FS Financial Services and Ernst & Young jointly advised ITNL on the transaction.

IL&FS Transportation Networks Limited is engaged in developing and managing a national and state highway network in excess of 3,200 kilometer spread across 9 states in India.