Abertis acquires 3 Chilean tollroads
Bnamericas Published: Friday, December 21, 2012
Mergers & Acquisitions Roads Financing Government program Privatization Public-private partnership (PPP)
Spanish infrastructure firm Abertis has closed the acquisition of three Chilean tollroads from compatriot OHL for 204mn euros (US$269mn). The three roads are Autopista de Los Andes (19km), which connects the city of Los Andes with Ruta 5 Norte de Chile, Autopista del Sol (132km), connecting Santiago with the port of San Antonio, and Autopista Los Libertadores (119km), linking Santiago with important cities in the north of the metropolitan area, for a total 342km. The acquisition will be financed with Chilean non-recourse loans. Abertis now has a total of 770km of tollroads under concession in the country, according to an Abertis press release. Abertis recently acquired part of highway concessionaire OHL Brasil for some US$1.7bn.
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