OPTrust partners in $606 mln acquisition of Spain's Globalvia
Canadian pension fund manager OPTrust, in partnership with Netherlands-based PGGM and U.K.-based Universities Superannuation Scheme, recently agreed to buy all of the shares of Globalvia Infraestructuras SA. The deal is priced at €420 million ($606 million). Headquartered in Madrid, Globalvia is a concession management business that oversees 29 projects, most of them focused on highways and railways. The sellers in the transaction are Fomento de Construcciones y Contratas and Bankia. OPTrust and the two other pension funds have backed Globalvia for several years.
2 November 2015•3 mins read
