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Abertis Infraestructuras SA To Acquire Obrascon Huarte Lain’s Toll Road Concessions in Brazil; Abertis Acquires 51% Stake and Brookfield 49% Stake In Participes de Brasil SL

Monday, 6 Aug 2012 02:16am EDT 

Abertis Infraestructuras SA (Abertis) announced that its Board of Directors has given the green light for the acquisition of Obrascon Huarte Lain’s (OHL’s) toll road assets in Brazil. The deal implies global leadership in the toll road concessions business in which the Group will manage over 7,000 kilometres once it integrates OHL’s nine concessions in Brazil which stretch 3,226 kilometres in total. In order to undertake the transaction, on August 4, 2012 Abertis has reached an agreement with Brookfield Infrastructure for the joint acquisition from OHL of the latter’s investment in Participes de Brasil SL, which in turn owns 60% of OHL Brasil. Abertis and Brookfield Infrastructure will acquire a 51% and 49% stake respectively of Participes de Brasil SL by handing over a 10% of Abertis shares to OHL, assuming liabilities for the amount of EUR 504 million and a payment of EUR 10.7 million. In order to undertake this transaction, Abertis will put at Brookfield Infrastructure’s disposal up to 4.9% of Abertis’ shares currently held as treasury stock. In the wake of the transaction, OHL will own around 15% of Abertis. 

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