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Sat June 15 2024

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Ferrovial sells €160m toll road stake

17 Nov 11 Ferrovial’s toll road subsidiary Cintra Infraestructuras is set to receive €160m for the sale of its stake in a Chilean venture.

It has been notified that Colombian company Interconexión Eléctrica has decided to exercise its call option on Cintra's remaining 40% stake in Intervial Chile, formerly Cintra Concesiones de Infraestructuras de Transporte de Chile Limitada. The transaction is estimated to be worth €160m.

The decision is part of an agreement signed on 15 September 2010 in which both parties agreed that  Interconexión Eléctrica had a call option on Cintra's remaining stake. Interconexión Eléctrica has 90 days for the financial closure of this transaction.

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