ACS Sells Stakes in Chilean Toll Roads

ACS Sells Stakes in Chilean Toll Roads

Chile Europe M&A

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 Cristobal. Rotating concession assets, operating them for a short time and selling them to infrastructure or pension funds has always been a part of ACS’ strategy, says an industry analyst

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