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".