Dieterschutte

News

DIF acquires shadow toll road in Spain

door Johan Schoone op 21 jun 2017, 13:52 DIF acquires shadow toll road in Spain

Madrid, 21 June 2017 – DIF Infrastructure IV (“DIF”) is pleased to announce that it has acquired from OHL Concesiones (“OHL”) 45% of the shares in Autovía de Aragon, S.A, a shadow toll road linking the Madrid city center with Barajas airport (“Autovia de Aragon”).

In addition to DIF’s share, OHL will maintain its position as a significant industrial partner in Autovia de Aragon. TYPSA, a leading consulting engineering firm, will retain its 5% share in the company.

Autovia de Aragon is one of the main road accesses to Madrid and one of the alternatives that links the city center and the airport. The road is located in one of the most urbanized and industrial corridors linking Madrid’s urban center with Guadalajara. The 19-year concession started in 2007, (with end date December 2026) and operates the first section of the A-2 Motorway, which is the main connection between the cities of Madrid and Barcelona.

Autovia de Aragon is DIF’s first road investment in Spain following the acquisition of 6 PPP projects in other sectors. Long term financing is in place and provided by EIB, FMSW and ICO (Instituto de Crédito Oficial).

Fernando Moreno, DIF’s head of Spain, said: “DIF is very pleased to establish this long term partnership with OHL and invest in this high quality asset that will provide a strong return and steady cash yield for DIF’s investors”.

DIF was advised by Uría & Menéndez (legal), Garrigues (tax), PWC (model/financial) and Arup (traffic/technical).

DIF Profile

DIF is an independent and specialist fund management company, managing funds of approximately €4.2 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australia. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Paul Nash, Partner
Email: p.nash@dif.eu

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

Back to overview

Subscribe to our press releases

Disclaimer

The content of this the website is approved by DIF Management B.V., a Private Limited Liability Company. DIF Management B.V. is authorised and regulated by the Authority for the Financial Markets (AFM) in the Netherlands and Registered at the Dutch Chamber of Commerce under 34312941.

The information placed on the website is for information purposes only and is general in nature. Although, DIF aims to ensure the accuracy of the content placed on this website, its content solely should not form the basis of any decisions. Moreover, the information may subject to change without notice.

Please note that the value of investments and any income derived from them may fluctuate and investors may not get back the amount they invested. Any content referring to past performance should be considered as past performance and is no indication for the future.

The content of the website is based on our understanding of the current law and regulation.