Abertis 53%, GIC - 29%
Description of the transaction
In June 2020, Abertis Infraestructuras in partnership with GIC completed the acquisition of a controlling interest in Red de Carreteras de Occidente (RCO) in Mexico from Goldman Sachs Infrastructure Partners (GSIP). The acquisition involved the purchase of a 72.3% stake in RCO (51.3% Abertis, 21% GIC). Following the acquisition, Abertis and GIC further increased their stake to the current level. Through its 5 operators, RCO manages 876 km of motorway network located in the centre and west of the country, connecting the key El Bajío industrial corridor with the two most important cities (Mexico City and Guadalajara).
Strategic rationale for the transaction
The transaction marked Abertis’s entry into a new country with strong growth potential, acquiring control of a network of almost 900 km and at the same time extending the average duration of its portfolio.
Description of the partner