DIF Capital Partners is investing €76.1m to buy a stake in the Toledo Hospital public-private partnership project in Spain from infrastructure company OHL.

DIF, through its Infrastructure VI fund, has agreed to buy the 33.3% of the share capital of Nuevo Hospital de Toledo and an indirect 33.3% stake in the company that operates the project from OHL.

The new University Hospital of Toledo, considered the largest in Europe, which involved a €320m investment, was developed by Spanish conglomerate Acciona in partnership with OHL and ACS. The construction of Toledo Hospital started in 2016 and was inaugurated this month and is expected to be fully operational next year.

The 853-bed capacity project benefits from an availability based payment scheme granted by Castilla-La Mancha Health Service under a concession that will run until 2045.

Fernando Moreno, DIF’s head in Spain, said: “DIF has an excellent and long-lasting relationship with OHL. We are very glad that we have been able to further develop our relationship through this high profile transaction.

“We are honoured to and believe that we are well placed to operate this landmark infrastructure project together with the grantor and our project partners. The project perfectly fits in our portfolio and should provide a stable and strong yield for our investors.”

The acquisition is expected to be completed in the first half of 2021.

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