Bruno Alves
The engineering firm, which holds close to 17% of Canada’s 407 ETR toll road, plans to use its right of first refusal as an existing shareholder to try and buy a 10% stake in the road put up for sale by majority shareholder Ferrovial. The news comes as Ferrovial said it had agreed to sell the stake to CPPIB.
The real estate fund manager has invested £16.7m in the development of a waste-to-biomass power plant in Cambridgeshire, England.
The former Macquarie and HSBC veteran has joined Lazard as a managing director in the power, energy and infrastructure group of the financial advisory firm. Rossman, who will be based in New York, worked for Lazard from 2003 to 2005.
Hochtief wants the Australian regulator to force ACS to also make a bid for subsidiary Leighton as part of its takeover offer for the German company. If successful, ACS’ bid for Hochtief would have to factor in Leighton’s €7bn market cap, but observers have mixed views about the likelihood of this happening.
The Canadian pension has paid €640m to acquire a 10% stake in Toronto’s 407 ETR toll road from Ferrovial. CPPIB is now the toll road’s second-largest shareholder (40%) with Ferrovial retaining its place at the top of the shareholding tree (43.23%).
The infrastructure arm of M&G Investments has acquired full ownership of Meter Fit, a UK owner and supplier of gas and electricity meters, after purchasing a 50% stake from United Utilities for £24m.
Bouygues, Eiffage and VINCI need to submit final offers for the €3bn Bretagne Pays de la Loire high-speed rail line by October 13. An extension of the government’s debt guarantee for PPPs beyond December 31 is likely to be crucial for the project to reach financial close.
The Dutch developer has secured support from BTMU, DZ Bank, Fortis, KBC, KfW and the EIB to reach financial close for a €260m section of the Netherlands’ A12 highway. The A12 is the smallest of the Dutch ministry of transport’s two road projects currently in procurement.
The Ferrovial-owned airports operator has announced the sale of its 65% stake in Naples airport to a subsidiary of Italian fund F2i for €150m.
The Dutch infrastructure fund has bought two road assets from renewable energy group NTR with French construction firm Egis picking up NTR’s roads maintenance business. The asset sales netted NTR €50m and mark an exit from almost the whole of its toll roads portfolio.