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Bruno Alves

Bruno Alves is the Senior Editor of award-winning publication Infrastructure Investor. Bruno has been a journalist for nearly 20 years and first joined Infrastructure Investor in December 2009, where he quickly rose to become Associate Editor and a leading writer covering the infrastructure asset class. He’s been Senior Editor since 2015 and is also responsible for Agri Investor, PEI Group’s agriculture-focused publication.
The German group will list its Australian construction unit – now known as Valemus – in July in a bid to raise up to A$1.4bn.
The listed vehicle – GCP Infrastructure Investments – will be floated on the London Stock Exchange and will serve as a feeder fund for the GCP infrastructure fund, launched around this time last year. It aims to provide subordinated debt to UK PFI projects.
The senior management of HSBC’s infrastructure and real estate arm is in talks with the parent bank regarding a management buyout. The deal would leave HSBC with a 20% stake in its specialist unit and would pre-empt expected regulatory changes that could impact banks’ ownership of private equity vehicles.
S&P has cut the Portuguese toll road operator’s credit rating to BBB- on the back of revised economic prospects for Portugal. Brisa has reacted to the downgrade, accusing the ratings agency of not giving it enough time to adapt to changed liquidity criteria and saying the cut doesn’t reflect its credit strength.
The fund, sponsored by a number of European and North African banks, has reached first close on €385m. InfraMed is targeting €1bn to invest primarily in greenfield infrastructure in the southern and eastern Mediterranean region.
Italian infrastructure fund F2i has teamed up with local utility Iride for a takeover bid for Genoese water company MdA. Following the takeover, the partners will consolidate MdA and stakes in other water utilities in a special purpose vehicle, in which F2i plans to hold a share of up to 40%.
Hugh Daniel, founding partner and former joint chief executive of UK-based project finance consultancy Operis, passed away suddenly last Saturday.
The UK’s first listed infrastructure fund has returned to profit for the year ending March 31 2010. The fund expects a slowdown in the PFI primary market but is looking to continue purchasing in the secondary market.
The board of the Australian toll road operator has sent a letter to its shareholders attempting to reassure them that the company is in good shape after its stock plunged by over 10% following the firm’s rejection of a recent takeover bid.
The three countries are expected to sign a memorandum of understanding in early June to guarantee EU financing for the high-speed corridor interconnecting their capitals.
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