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.

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