Spanish developer Actividades de Construccion y Servicios (ACS) has agreed to sell its ports services business, Dragados SPL, to an institutional investment group headed by JPMorgan Asset Management, according to a regulatory filing. The deal is worth some €720m.
Following a scheduled period of three weeks’ due diligence, Australian toll road operator Intoll says it has ‘not yet formed a view’ on the merits of CPPIB’s A$5bn takeover bid – and has agreed to extend the due diligence period by another week.
Balfour Beatty Capital and consortia led by Macquarie Capital and Transmission Capital Partners have been selected as preferred bidders for £700m of transmission links for seven offshore UK wind farms.
Indian developer Larsen & Toubro has been awarded the design, build, finance, operate and transfer (DBOT) contract for the Hyderabad Metro rail project. The concession for the public-private partnership runs for 30 years.
Canadian pension investors Borealis and Ontario Teachers’ Pension Plan have joined forces to bid for High Speed 1, the UK’s high-speed rail line, according to media reports. Competition is provided by at least two other bidding consortia.
In an interim management statement released today, HSBC Infrastructure, the listed UK infrastructure investor, said it has raised additional equity capital of £41.7m through a series of tap issues over the last few months.
Spanish infrastructure group Ferrovial has revealed that the sale of a 10% stake in Canada’s 407 ETR toll road by its Cintra subsidiary will be delayed for several weeks. The sale has been held back following a recent takeover bid for Intoll, which is Ferrovial’s partner in the 407 ETR.
Eiffarie, the joint venture between French developer Eiffage and Australian investment group Macquarie Atlas Roads, announced a delisting tender offer for French toll road network APRR at the end of last week.
EDF, the French energy group, has entered into exclusive negotiations with a consortium led by Hong Kong’s Cheung Kong Infrastructure after it submitted a bid of £5.8bn for EDF’s UK network, representing a 27% premium to its regulated asset base.
The UK-based investment and advisory group has picked up the leisure port from Spanish developer Global Via for an estimated £50m.
A board of directors meeting held at the savings bank yesterday did not yield an announcement on a possible buyout of Abertis. Recent market speculation suggests the deal is evolving away from a buyout and into a straightforward stake sale by shareholder ACS to CVC Capital Partners.
Vasco de Mello, Brisa’s chief executive, said in a results presentation yesterday that Brisa has been in contact with Abertis regarding the latter’s plans to sell its 14.6% holding in Brisa. News of the possible sale first emerged in the context of a potential buyout of Abertis by its core shareholders and CVC Capital Partners.
Hong Kong’s Cheung Kong Infrastructure and a team comprising Macquarie, Abu Dhabi Investment Authority and Canada Pension Plan Investment Board submitted binding bids for the sale of EDF’s UK electricity network earlier this week.
The €1.1bn infrastructure fund has acquired a 20% stake in Italian waste treatment company Herambiente for €105.6m, with an option to acquire another 5% once the deal closes in September.
UK developer Wates Construction has appointed Stephen Beechey as group investment director to oversee the firm’s existing and future involvement in project finance and public-private partnership schemes.