Ardian and CMB Prime Agree to Acquire 33 Percent Stake in Two Chilean Toll Roads from Brookfield

Source(s): Ardian | Date: 6 September 2019

Global private investment firm Ardian and Chile-focused infrastructure investor CMB Prime have agreed to acquire a 33 percent stake in two Chilean toll road assets from global alternative asset manager Brookfield Asset Management. Ardian and CMB will acquire minority stakes in urban express highway Vespucio Norte Express and tunnel expressway Túnel San Cristóbal, both of which are located in the city of Santiago. Brookfield most recently committed USD190 million in equity and USD590 million in total to the toll roads in 2012. Financial details of the transaction, which is subject to customary regulatory and other approvals, were not disclosed.