By Sarah Sloat 
 

Abertis SA and investor company GIC have reached an agreement to acquire 70% of Red de Carreteras de Occidente, a Mexican toll-road operator, from Goldman Sachs Infrastructure Partners and its affiliates.

Abertis, part of Atlantia Spa (ATL.MI), said that as part of the deal it would acquire a 50.1% stake in ROC from GSIP for 1.5 billion euros ($1.65 billion). The total enterprise value of ROC is about EUR5 billion, Abertis said.

The transaction will be carried out by a consortium formed by Abertis, which will control ROC, and GIC, an investment firm that manages Singapore's foreign reserves.

The remaining 30% of RCO is held by local investors and pension fund managers, Abertis said.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

October 11, 2019 07:25 ET (11:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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