A new law making its way through parliament could retroactively cut tariffs in the Spanish photovoltaic sector by 30%. Such a reduction would prevent most of the sector from paying back some €20bn in debt, opening the door to a wave of bankruptcies.
DIF Infrastructure, the Dutch fund manager, has acquired three wind projects in recent months from its latest €571m fund – two in Germany and one in France.
The German financial watchdog is looking into the role Southeastern Asset Management, a shareholder in both ACS and Hochtief, has played in the ongoing takeover process for the German company. ACS denies having acted in concert with Southeastern.
Aeropuertos Andinos, an Argentine-Peruvian consortium, has won the 25-year concession to modernise and operate six airports in the south of Peru.
The global Infrastructure Investor awards are back, and we want you to nominate deserving candidates in as many categories as possible.
The firm’s latest MENA vehicle, the first of its kind, opens up certain sectors for Gulf-based LPs in Carlyle’s $500m MENA fund.
Veolia Transport and Transdev have received approval from the French regulator to proceed with their merger plans, which will create one of the largest transport groups in the world with more than €8bn in sales. The new vehicle is expected to go public in the next 12 months.
ING Real Estate Investment Management has agreed the sale of its A$2.5 billion Australian Securities Exchange-listed industrial fund to a consortium of buyers led by Sydney-based Goodman Group. The sale is the latest in a string of real estate offloads by Dutch parent company ING.
The Spanish firm has amassed a stake of 30.34% in Hochtief, crossing the 30% threshold it needs to pursue a majority stake on the open market. Acceptance of the takeover offer now ends on January 18.
The editorial team of Infrastructure Investor takes a look at the year that was and looks ahead to what it augurs for 2011.
Do limited partner investors yet have a thorough grasp of infrastructure’s risk profile?
There will be five major groups of investors looking to raise some $80 billion for infrastructure in 2011. Where do you fit in?
Strong-willed individuals make a difference, but, above all, America requires an effective national or state system to deliver infrastructure projects consistently.
The advent of the financial crisis curbed the international ambitions of many European concessionaires but the sovereign debt crisis rocking some parts of the continent may be about to change that, to the benefit of emerging infrastructure markets.
The negotiations surrounding the rescue of some of Spain’s distressed toll road concessionaires illustrate how the public and the private sector are forced to work together to avoid a larger disruption of the public-private partnership model.