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

  • Chile announces road projects, including for the Autopista del Sol
    October 23, 2015
    The Chilean government has announced around 800 road projects for 2016, mostly linked to road concessions, costing about US$1.44 billion. Schemes include those on the Autopista del Sol motorway, such as a third lane between Santiago and Talagante, an alternative access to Penaflor, improvements to the Talagante link and a control centre. In addition, a $5.2 million stop-and-go tag-type toll payment system will be introduced for Autopista del Sol, which will be similar to ones on Ruta 5 Sur between Angost
    Read More
  • Terex looks for internal growth and strong margins
    January 6, 2017
    Terex Corporation chairman and CEO Ron DeFeo is predicting strong growth over the next three years, with the aim of US$10bn revenues by 2015, up from $7.3bn in 2012. However, unlike so often in the past, he is not looking for acquisition but to develop the existing business. Indeed, the company has recently sold off much of its road construction business, as it was struggling to expand that division.
    Read More
  • Terex looks for internal growth and strong margins
    April 17, 2013
    Terex Corporation chairman and CEO Ron DeFeo is predicting strong growth over the next three years, with the aim of US$10bn revenues by 2015, up from $7.3bn in 2012. However, unlike so often in the past, he is not looking for acquisition but to develop the existing business. Indeed, the company has recently sold off much of its road construction business, as it was struggling to expand that division.
    Read More
  • Skanska selling Chilean highway stake
    February 29, 2012
    Swedish conglomerate Skanska reports that it plans to sell its 50% share in Chile's Autopista Central Highway shortly.
    Read More

Highlighted Content