The Spanish stock market regulator, Comision Nacional del Mercado de Valores (CNMV), has waved through Citi Infrastructure Partners’ acquisition of Itenere Infraestructuras.
In a statement today the CNMV said it had approved the transaction.
The acquisition is important because the deal provides a platform for Citi to invest in toll road companies in developed European countries.
Citi announced details of the deal in December to acquire 51.7 percent of Itinere from Sacyr Vallehermoso.