Spanish company Globalvía ​​enters Vespucio Norte after buying part of Brookfield

The Spanish company Globalvia announced on Tuesday night that it reached an agreement to buy Brookfield, its 34% stake in the Vespucio Norte Highway and the San Cristóbal Tunnel.

According to a statement from the Spanish company, “The operation is part of Globalvia’s long-term and international growth strategy promoted by its shareholders the pension funds OPTrust (Canada), PGGM (Netherlands) and USS (UK) ”.

In addition, if this acquisition is approved by the authorities, the Spanish company will have the concession of 430 kilometers in Chile

Vespucio Norte has 17 free flow porches along its 29 kilometers that serve eight communes in the capital, being a key artery for daily transportation in the Chilean capital. This highway connects through the 1.8km San Cristóbal Tunnel with Providencia, Vitacura, Las Condes, Santiago Centro and Ñuñoa.

It is worth mentioning, that the operation is subject to the approval of the shareholding change by the entities that participate in the financing of the assets, so the closing date of the transaction will depend on it.

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