Ferrovial sells €42m stake in the Azores Toll Road in Portugal
Sector: Road • Location: Azores, Portugal
Source: Highways Today
Ferrovial, through its Toll Roads subsidiary, has reached an agreement to sell 89.2% of the Azores toll road, in Portugal, to infrastructure funds Horizon and RiverRock. The deal amounts to €42.6 million and is in line with the company’s asset rotation strategy. The sale will enable Ferrovial to deconsolidate all of the project’s gross debt to third parties, which amounts to €284 million.
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Status
Original status | ongoing |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | Ferrovial, through its Toll Roads subsidiary, has reached an agreement to sell 89.2% of the Azores toll road, in Portugal, to infrastructure funds Horizon and RiverRock. The deal amounts to €42.6 million and is in line with the company’s asset rotation strategy. The sale will enable Ferrovial to deconsolidate all of the project’s gross debt to third parties, which amounts to €284 million. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Budget | 000000000000000 |
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Data quality score | 100% |
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