Globalvia rejects buying stake for Malaga metro

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Globalvia rejects buying stake for Malaga metro

Globalvia has rejected to exercise its preference right to buy a 39.4 %  stake in the Malaga metro concession, in Spain.To close the deal, Globalvia had to equal the bid submitted by the team composed of France's infrastructure investor InfraVia and Australia's investor Macquarie Group. The team reached in mid September, an agreement to buy 39.4 % of the asset for a total consideration of €108 million (US$1119 million).

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