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IFM Investors eyes off Mexican infrastructure

IFM Investors eyes off Mexican infrastructure

Reporter
— 1 minute read

Global fund manager IFM Investors is set to acquire a near 25 per cent stake in Mexican transportation infrastructure operator Organizacion de Proyectos de Infraestructura (OPI).

IFM Investors has signed for the acquisition of a 24.99 per cent stake in OPI which owns Concesionaria Mexiquense (Conmex).

Conmex is the company responsible for the operation of the Circuito Exterior Mexiquense toll road in Mexico.

The fund manager has agreed to pay approximately US$600 million, which will also include the acquisition of a 24.99 per cent equity interest in OPCEM – a new company responsible for the operation and maintenance of Conmex.

“IFM Investors regards Conmex as an ideal investment for its infrastructure portfolio and as a unique opportunity to invest in a highly strategic, quality Mexican transportation infrastructure asset,” a statement from IMF Investors said.

“IFM Investors values Conmex as  an essential operating asset, for its strategic geographical position, long concession duration and Mexico's positive macroeconomic outlook,” it said.

The acquisition will be finalised once the necessary authorisations and approvals have been processed.

 

IFM Investors eyes off Mexican infrastructure
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