IFM Investors acquires $3.4bn in infrastructure

IFM Investors acquires $3.4bn in infrastructure

Global fund manager IFM Investors has acquired 100 per cent of OHL Concesiones, a portfolio of transportation infrastructure assets in Spain, Mexico, Chile, Peru and Colombia.


OHL Concesiones, which is headquartered in Madrid, Spain, has been acquired by IFM Investors for €2,158 million (A$3,403 million).

The portfolio consists of 19 transportation infrastructure concessions in Spain, Mexico, Chile, Peru and Colombia, including 14 toll roads, three ports, one airport and one light rail asset.

The transaction will give IFM Investors indirect control of OHL México and Concesionaria Mexiquense, which are already part of the fund manager's portfolio.

As a result of the indirect change of control in OHL México resulting from the acquisition of OHL Concesiones by IFM Investors, Mexican law requires the fund manager to launch a compulsory tender offer for OHL México shares.

IFM Investors said a global rebranding of OHL Concesiones is "well progressed".

Related Articles

 

IFM Investors acquires $3.4bn in infrastructure
investordaily image
ID logo
promoted stories

Appointments

AMP

AMP announces interim CEO

Reporter

John Mulcahy

CFSGAM to appoint John Mulcahy as chairman

Reporter

Alan Darwin

Former ASIC lawyer joins Baker McKenzie

Jessica Yun

Analysis

investordaily image

Emerging markets: You won't find this at home

Arian Neiron

Scott Haslem

Can ESG enhance long-term performance?

Scott Haslem

Aleks Vickovich

Spaceship hits turbulence

Aleks Vickovich