Hermes Infrastructure is buying a 74% stake in a €950m Spanish toll road concession from ACS Group.
Announcing the deal, which is subject to the required approvals, ACS Group’s subsidiary Iridium Concesiones de Infraestructuras, said it will continue to hold a 26% equity stake and maintain an active role in the management and operations and maintenance of the six shadow toll concessions.
The portfolio includes two concessions in Catalonia, one in Castilla la Mancha, one in Castilla y Leon, one in Navarra and one in Galicia.
The six concessions are in operations and have a remaining life of over 19 years.
