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Spanish Ferrovial Sells 65% Of Ausol Toll Roads To Meridiam

Infra News - Published on Tue, 18 Jun 2019

Image Source: google.com
The Cintra subsidiary of Spanish contractor Ferrovial has agreed to sell a EUR 447 million stake in two toll roads to French investment and asset management firm Meridiam. The company said that in doing so, it will gain EUR 474 million in capital, thanks to the divestment of the 65% stake in the Ausol I and Ausol II toll road concessions in Malaga, Spain. The capital will be used to deconsolidate the gross debt of the project, which amounts to EUR 603 million.

However, once completed Ferrovial will own 15% of both concessions and retain the option to sell the assets at an agreed price before a certain date, while Meridiam will have the option to buy the assets at an agreed price before a particular date.

Source :

Posted By : Mohan Sharma on Tue, 18 Jun 2019
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