Malaysia's Khazanah in negotiations to acquire Globalvia

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Malaysia's Khazanah in negotiations to acquire Globalvia

According to sources, Khazanah Nasional Berhad, the Government of Malaysia's strategic investment fund, is in exclusive negotiations with FCC and Bankia to acquire the Spanish infrastructure concession group Globalvia.

The deadline to bid for Globalvia was 9 December 2014. Other firms that bid for the company were:

  • Bastion Infrastructure Group, a Canadian independent asset manager.
  • Ginkgo, a Chinese Multi-Strategy fund.
  • Ferrovial, a Spanish infrastructure developer .

Globalvia, which is 50/50 owned by FCC and Bankia, is one of the world's leading companies in the management of infrastructure assets.

Globalvia's portfolio boasts a high degree of product diversify and includes a significant number of assets. The firm's portfolio is composed by 19 highways, 8 railways, one airport, two hospitals and two ports in seven countries: Spain, Ireland, Portugal, Andorra, Mexico, Costa Rica and Chile.

The company has a total value estimated at about €600 million (US$731 million). The transaction is expected to be closed in 2015.

FCC and Bankia have also plans to sell their real estate firm Realia. Realia owns real estate properties of 419.000 square meters in total. The firm owns two landmark office buildings, the Kio towers in Madrid and the Realia BCN skyscraper in Barcelona. Spanish property investment company Hispania has already launched a takeover offer to acquire Realia.

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