Sunday, 30 October 2011

Skanska sells half of Chilean toll road

Swedish infrastructure investment company Skanska has sold half of its shareholding in Chilean concession toll road Autopistas de Antofagasta according to Cision Wire.  The price was US$43 million (a US$9 million profit) and Skanska is retaining a 50% shareholding.   The buyer is Inversiones Infraestructura Dos S.A., a Chilean company owned by two investment funds managed by Las Américas, an investment funds manager belonging to PENTA (a Chilean group).

The project is under construction and due to open in December 2012 including 120km of new road and 200km of road upgrades.  It is in a fast growing mining district of Chile.  More details are in the Autopistas de Antofagasta annual report 2010 in English here.

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