Chilean highway transaction

The flotation deal for Chilean highway operator Autopista do Pacifico is on track.
February 28, 2012 Read time: 1 min
The flotation deal for Chilean highway operator Autopista do Pacifico is on track. The firm is controlled by the Italian company Atlantia and will be floated on Santiago's stock market. Analysts have set Autopista do Pacifico's value at US$ 1.9 billion.

However, this could rise following the recently agreed acquisition of the remaining 50% stakes in Chilean motorway concessionaries Litoral Central and Vespuccio Sur. A maximum of 20%-30% of Autopista do Pacifico will be sold during the market-based capital increase. Santander, Credit Suisse and Mediobanca are to act as global coordinators for the flotation. Atlantia also plans to change the name of Autopista do Pacifico to Grupo Costanera.

Related Content

  • Construction machine sales to grow worldwide?
    October 28, 2016
    A slow but steady recovery in machine sales worldwide is likely in the next few years, with India being one of the key growth markets for the future. However, this comes after the construction equipment sector has seen significant downturns as well as other major changes worldwide in the last few years, according to David Phillips, managing director of Off Highway Research. He said, “The industry structure has really changed.” Global sales of construction machines were worth around US$93 billion in 2014
    Read More
  • 2-4 year-old construction equipment tops buyer ‘wish list’
    May 11, 2012
    A leading used construction equipment auctioneer firm boss believes equipment aged between 2 and 4 years is now topping buyers’ ‘wish lists’, as 1 to 2-year-old used stocks deplete. Jonnie Keys, General Manager of Euro Auctions, said that with the cost of new equipment currently up by around 20% on prices in June 2009, the used market is still strong. “Euro Auctions has repeatedly seen over 30% of all plant sold leaving the UK and Europe for projects in Australia, South Africa, South America, Central Ameri
    Read More
  • Abertis looks at new US$20.89bn Brazil motorway projects
    May 7, 2013
    Spanish infrastructure operator Abertis is reportedly interested in participating in new motorway projects valued around US$20.9 billion (BRL 42bn) planned by the Brazilian government. However, Abertis said its main interest remained in short-term investment projects which will be connected to its own motorways. As a result, the company may be participating in the BR-050 motorway project, expected to demand an investment of $1.142 billion (BRL 2.3bn). Abertis is also reported to be considering the acquisiti
    Read More
  • CECE Congress focuses on future of construction
    May 8, 2012
    The bi-annual CECE Congress was held in Spain when participants looked forward in a bid to see what will happen in the next ten years. Growth markets such as China, India and Brazil offer big opportunities to European construction equipment manufacturers. As companies, particularly those from China, start to expand outside their own countries the competition for business will increase, and it has been claimed that there is no such thing as 'the global market', rather it is the sum of hundreds, if not thousa
    Read More

Highlighted Content