Brookfield fully exited its 34% stake in Chile-based Autopista Vespucio Norte and Túnel de San Cristóbal concessions via a EUR340m (~USD402m) sale to Spain-based Globalvía.
(American Retail) The Spanish concessionaire Globalvía is investing again on the other side of the Atlantic. It has done so in Chile, where it has reached an agreement with the Brookfield fund to acquire 34% of Autopista Vespucio Norte and Túnel de San Cristóbal , both located in Santiago de Chile. This participation offers effective control and is valued, according to market sources, at around 340 million euros .
The companies have avoided offering the amount of the operation, and the Spanish one headed by Javier Pérez Fortea is limited to commenting that this new movement is part of the growth plan backed by its shareholders, the pension funds OPTrust (Canada), PGGM (Countries Basses) and USS (UK).
Globalvía strengthens itself in the mature Chilean concession market, where it already had three assets under management (Autopista del Itata, Autopista del Aconcagua, and Autopista Costa Arauco) and will add 430 kilometers under concession.