FCC has announced that it has formally completed the sale of a 49% stake in its Aqualia subsidiary to Australian fund IFM Investors for EUR1.024 billion (US$1.187 billion). This comes after the European Commission (EC) and the Federal Economic Competition Commission of Mexico approved the sale on 22 August and 20 September, respectively.
Infrastructure/PPP news in Spain
Iridium and RiverRock European Capital Partners LLP, through its RiverRock Brownfield Infrastructure Fund 1, have entered into an agreement for the sale of 80% of Iridium’s shareholdings in Remodelación Ribera Norte S.A (RRN).
Spain's new Minister of Development has announced that the government has decided to remove tolls on national roads currently operated under 50-year concession contracts expiring between this year and 2021. Ownership will revert to the State upon expiration.
Globalvia and Comsa Concesiones have sold their shares in Metro de Málaga, which operates two metro lines in Malaga, a port city on the south coast of Spain, under a concession contract.
ADIF-Alta Velocidad, the Spanish state-owned high-speed rail infrastructure administrator, has issued a green bond with a value of EUR600 million (US$705.61 million).
The Minister of Public Works of the Government of Spain has announced that the A-73 highway will be completed through a "shadow toll" concession worth EUR534.8 million (US$635.6 million). The 71.4 km highway will connect Burgos and Aguilar de Campoo, cities in the Castile and León region of north-west Spain, upon completion.
Rubicon Infrastructure Advisors has announced that financial close has been reached on the refinancing of the existing senior debt of Autopista de la Mancha, C.E.S.A., a 108km shadow toll road that runs north-south between Puerto Lapice and Venta de Cardenas, in Castilla-La Mancha, Spain.
Globalvia has announced that current shareholders OPTrust, PGGM and USS have collectively invested EUR1.0 billion (US$1.27 billion) in the company. Globalvia plans to deploy the investment in worldwide infrastructure projects.
The Ministry of Public Works and Transport of the Government of Spain (Ministerio de Fomento) has announced that it will launch tenders for the first two projects in the EUR5 billion (US$6.14 billion) Extraordinary Road Plan (Plan Extraordinario de Carreteras) in the next few days.
Atlantia has confirmed that, on 13 March, it signed a binding term sheet relating to a joint investment in Abertis Infraestructuras SA with Hochtief, a subsidiary of Grupo ACS. This follows recent speculation over the companies' competing bids to acquire Abertis, one of the largest toll-road operators in the world, based in Spain, which were submitted last year, and recent confirmation that they have been in talks.
Atlantia and ACS have both separately stated that they are in talks over their competing bids for Spanish toll road company Abertis, submitted in May and October 2017, respectively. ACS bid to take over the company through its German subsidiary Hochtief.
FCC Aqualia, S.A., FCC and IFM are in advanced negotiations regarding the acquisition by IFM of a 49% stake in FCC Aqualia, S.A.
The State Company of Land Transport Infrastructure, a department of the Ministry of Public Works of the government of Spain, has awarded a EUR250,000 (US$306,08) contract for the design of bidding documents to re-tender rescued highways.
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.
Hospital del Tajo and associated facility management operating company Explotadora del Hospital del Tajo have been sold to Quaero European Infrastructure Fund, within a 30-year concession contract awarded in 2005.
Ferrovial has successfully priced a €500 million (US$ 588,49 million) perpetual hybrid bond. The issue will pay a 2.124% annual coupon until 14 May 2023.
Noatum Ports confirms the sale of all shares (45% of the Company) held in Operaciones Portuarias Canarias S.A. (OPCSA Las Palmas) to Terminal Investments Ltd which previously held 55% of OPCSA shares.
ACS-owned Hochtief, has unveiled a €17.1 billion (US$21.9 billion) offer for Abertis Infraestructuras SA, topping a bid from Italy’s Atlantia SpA.
OHL Group and IFM Investors have signed an agreement for the acquisition of 100% of the share capital in OHL Concesiones by IFM Investors.
Elecnor S.A. and the eeef have signed a forfaiting facility of over € 9 million to be utilized for the replacement of existing streetlights (old sodium vapour lamps) in the Municipality of Santander (Spain)