PSP Investments/Grupo Isolux Corsan $2 billion ROADIS spin-off

Overview:

• Canada’s Public Sector Pension Investment Board (PSP Investments) has split Isolux Infrastructure Netherlands from Grupo Isolux Corsan.
• The new entity, renamed ROADIS, will be solely owned by PSP and will serve as the company's road investment platform.
• The company has a portfolio of 1644km of roads across nine concessions located in Brazil, India, Mexico, Spain and the United States.
• The deal also saw PSP acquire Grupo Isolux’s indirect interest in the Wind Energy Transmission Texas.

Sam Duke - Editor