IFM Investors is investing a further MX$8.8bn (€473m) to buy the remaining 13.96% shares it does not already own in Mexican transportation company Aleatica.

The manager’s IFM Global Infrastructure Fund (IFM GIF) has made a voluntary tender offer to acquire the remaining shares of Aleatica, increasing its ownership to 99.94%, and plans to delist Aleatica from the Mexican Stock Exchange.

Aleatica owns a portfolio of 7 toll roads and 1 airport and holds transportation infrastructure concessions in the metropolitan area of Mexico City.

Julio Garcia, the head of North America infrastructure at IFM Investors, said the additional investment in Aleatica is a clear demonstration of IFM’s ”continued support for this important transportation infrastructure business, and in Mexico as an attractive place to invest”.

Garcia said: “The transaction is also consistent with IFM Investors’ commitment to invest for the long term in high-quality infrastructure assets that align with our investment priorities and have the potential to deliver returns to our investors and their beneficiaries.”

IFM GIF has invested in Mexico for more than 8 years.

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