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IFM Investors acquires $3.4bn in infrastructure

IFM Investors acquires $3.4bn in infrastructure

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— 1 minute read

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.

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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".

 

IFM Investors acquires $3.4bn in infrastructure
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