ACS Sells Stakes in Chilean Toll Roads

Sep 27, 2011

Spanish construction company Actividades de Construccion y Servicios (ACS) has agreed to sell positions in 2 Chilean toll roads to a consortium led by Toronto-based Brookfield Asset Management for EUR216m ($292m). In the deal, ACS sells its roughly 50% stake in Vespucio Norte and its stake in Tunel de San...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management