Spanish infrastructure firm Abertis Infraestructuras SA has agreed to buy two operational toll road assets in south India from Macquarie Group Ltd for about Rs1,000 crore, said two people familiar with the development.
Abertis has signed a share purchase agreement to buy the two build, operate and transfer (BOT) toll roads, the Farukhnagar-Jadcherla highway in Andhra Pradesh and the Trichy Tollways project in Tamil Nadu, the two said on condition of anonymity as the talks are private.
Abertis’s bid beat an offer ranging between Rs700 crore and Rs800 crore for the two assets made by Tata Realty and Infrastructure Ltd (TRIL), one of the two people cited above said. Read More…
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