Deals

Globalvia buys Chilean toll road in €335m deal

The Spanish firm’s acquisition of the 90km Ruta 160 from compatriot Acciona is its second concession in the South American country.

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Spanish construction firm Globalvia has acquired a 90km Chilean toll road from Madrid-based Acciona in a €335 million deal.

The deal includes a €185 million equity consideration, along with the assumption of €117 million of project debt and €33 million in corresponding financial derivatives. Globalvia is taking over the entirety of the Ruta 160 project, which connects Chile’s Arauco and Concepción provinces.

The deal is subject to approval by the Chilean authorities. For Globalvia, the road represents the firm’s second asset in Chile after the Rosario Norte 100, in the country’s Santiago Province.

Other Acciona assets in Chile include the 246MW El Romero photovoltaic plant and the 45MW Punta Palmeras wind farm.

Launched in 2007, Globalvia was purchased in 2015 by Canada’s OPSEU Pension Trust, the Netherlands’ PGGM and the UK’s Universities Superannuation Scheme for €420 million. The firm owns 27 road and rail concessions in the US, Latin America and Europe, including a majority share of Portugal’s Beira Interior motorway, which it acquired in February in a €126.5 million deal.