OPSEU Pension Trust €420 million acquisition of Globalvia Infraestructuras

Overview:

• A consortium of three pension funds have acquired Spanish infrastructure management company Globalvia Infraestructuras for €420 million.
• Dutch pension fund provider PGGM, Universities Superannuation Scheme, and OPTrust acquired the firm from Fomento de Construcciones y Contratas and Bankia.
• An initial payment of €166 million was made initially, with a deferred payment of up to €254 million to follow—the consortium acquired 100% of the shares.
• Globalvia manages 29 projects in seven countries, focusing primarily on highways and railways.

Adam Majeed - Regional editor