April 25, 2012
Spain’s OHL has agreed to sell its Brazilian and Chilean toll roads to comp
Spain’s OHL has agreed to sell its Brazilian and Chilean toll roads to compatriot Abertis, according to the companies. In the transaction, Abertis will pay OHL 10% of its shares and assume EUR530m ($700m) in debt, for 9 concessions in Brazil, totaling 3,227km. It is also to pay EUR200m cash for 3 Chilean concessions, totaling 327km. The agreement must be approved by both companies’ boards. The companies were not available for additional comment.