The Greek finance ministry has announced its intention to float its 55% stake in the concessionaire that runs Athens International Airport in a deal that could be worth over €1bn. Hotchief and the Australian Infrastructure Fund own the remainder of the concessionaire.
The Australian investor, together with French developer Eiffage, has spent close to €854m to acquire a 14% holding in French road network APRR. This brings their ownership of the 2,234-km road network to over 95%.
The bank has completed the synthetic securitisation of European infrastructure loans worth £233m. It has transferred most of the credit risk through a guaranteed tranche within the deal, funded by a single institutional investor. The bank is keeping the first-loss tranche and the bigger unhedged senior tranche.
A workshop at the second annual PEI Africa Forum exploring the infrastructure investment opportunity in Africa concluded that more early-stage equity capital is needed to get projects off the ground and ensure they are structured well.
Five financial institutions have got behind the Flemish region’s landmark schools deal, which packages the construction and operation of 211 schools under a single PPP contract - awarded to a consortium of Fortis Real Estate and BNP Paribas Fortis.
Italian infrastructure fund F2i is bidding for Ferrovial’s 65% stake in Naples airport in a deal that could net the Spanish infrastructure group up to €200m. F2i's bid is one of several 'spontaneous' offers for Naples airport.
Deloitte warns the austerity measures being implemented across Europe pose ‘a real danger that the wider industry surrounding infrastructure development will shrink considerably’.
Margot Wirth, head of private equity for the $133bn pension, sees a shift away from total ‘blind trust arrangements’.
A joint venture fund between Mumbai based investment firms IL&FS and Milestone Capital Advisors has purchased a 74% stake in 247Park, a large business park in “the upcoming business corridor” in the Vikhroli area of the city.
The VND3.3 trillion BOT deal to expand the National Highway 51 reached financial close on Monday with VND2.4 trillion in debt funding from six local banks. The bank loan covers 72% of the deal with the winning consortium providing the remaining 28% in equity.
Robeco subsidiary SAM has raised $200m towards a $500m target for third generation fund, while WHEB Ventures has corralled £105m for Fund II.
Global Infrastructure Partners, the New York-based infrastructure fund manager, and Montagu Private Equity, the London-headquartered private equity firm, have agreed to acquire Greenstar, a UK waste management firm, for £135m. Greenstar will be combined with Biffa, a larger rival jointly owned by the two GPs.
The Spanish infrastructure group has received several offers for its 65% stake in Naples airport in a deal that could net the company up to €200m.
The transport ministers of the three Mediterranean countries signed a memorandum of understanding yesterday pledging full political support for a high-speed rail network connecting the three countries. The document also asks the EU to prioritise the rail axis with more funding.
The Australian energy group, jointly owned by Macquarie and AMP Capital, has started a sale process for its 29% holding in Duquesne Light, a transmission company serving close to 600,000 customers in Pittsburgh and surrounding regions.