It has been almost a year since Penta Las Américas began a sale process of all the highways that it owns through its Infraestructure Two and Three funds, but to date the transaction has not materialized.
Penta Group owns around 30% of these funds through Penta Vida. The company has stated that the process had its pause for the presidential elections in Chile. After the first round everything was disarmed and the company restarted it in March. The transaction is expected to be finished in December of this year. There is a lot of interest and candidates in this final stretch.
To be valued at between US$300 million and US$500 million (without counting the debt) the Penta concessions involve the Antofagasta road concession, Variante Melipilla, Canal Route (Puerto Montt-Pargua) and Interportuaria (Talcahuano-Penco-Concepción Airport).
The package of highways has been evaluated by the Costanera Group, Abertis, Globalvía and the Canadian pension fund Public Sector Pension Investment Board (PSP), among others.