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Abertis Infraestructuras SA becomes majority shareholder in Metropistas

Monday, 3 Feb 2014 07:00pm EST 

Abertis Infraestructuras SA:Says it has acquired 6 percent of the Autopistas Metropolitanas de Puerto Rico, LLC (Metropistas) from the investment funds managed by Goldman Sachs, GS Global Infrastructure Partners II and GS International Infrastructure Partners II.Says the price of the transaction ascended to $43.6 million (32.2 million euros).Says, as a result, Abertis has reached a 51 percent of the concessionaire for the PR-22 and PR-5 toll roads in Puerto Rico and becomes the majority shareholder of the company.Says Metropistas will now be fully consolidated in Abertis' accounts.Says it is expected to contribute approximately 85 million euros in revenue and 50 million euros in EBITDA during 2014.Says the PR-22 and PR-5 toll roads are 87 kilometers in length in total.Says the 83-kilometre PR-22 connects San Juan, Puerto Rico's capital, with the city of Arecibo.Says the PR-5 is a four-kilometer extension of the PR-22 running through the San Juan metropolitan area.