Bruno Alves
A report by Brazilian financial sector association ANBIMA says that the total volume of project finance activity grew by 431% last year, with energy representing the lion’s share of transactions.
The Colombian energy group said last Friday that it will acquire the remaining 40% of Cintra’s Chilean roads business. ISA agreed earlier this year to acquire a 60% stake in Cintra Chile for €209m.
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.
Christian Kummert, formerly head of infrastructure at Commerzbank and Eurohypo, has recently joined Austrian bank Kommunalkredit as head of its infrastructure activities.
Property group AMB, Artha Capital, Mexico Retail Properties and Prudential Financial’s Mexican unit will seek to raise about $1.28bn via the Mexican Stock Exchange. State-backed infrastructure fund Fonadin will invest $253m in the funds, with the rest expected to come primarily from local pension funds.