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Globalvia acquires Ruta 160 highway in Chile for 185 MM€

Globalvia has reached an agreement to acquire Acciona’s 100% stake of RUTA 160 in Chile for €185MM (UF 5.3 MM). The highway is a 90-km toll road that connects the province of Arauco to Concepción, in the south of Chile.

This agreement is part of the solid growth trajectory of the Spanish infrastructure company that aims to add value to the grantor, to its shareholders and to the final client.

The acquisition of RUTA 160 a high quality asset with great potential, provides Globalvia with the operation of three of the main important highways in Chile, managing in total over 400km.

This transaction is pending the authorization by the Chilean Competency Authorities which could be obtained in the following months.

Globalvia is a global leader in infrastructure concession management, specialized in highways and railways. Currently it is in the top positions by number of concessions in the world ranking and the first in Spain as manager of private railways. At Globalvia we apply our own business model in our 28 assets along 8 different countries. We add value to our investments such as Ruta 160 by managing the assets with the primary object of bringing quality management, efficiency and safety. All this in order to provide our clients with the best service, our grantors with the upmost confidence and our shareholders with their financial return.

RUTA 160 connects Concepcion region with the southern department of Bio-Bio in Chile, one of the most important timber production area in the country.

The highway was partially opened to traffic in August 2013 and obtained the definitive PSD in March 2017. It has a forty-year term of concession.

For Globalvia, Chile is a strategic country in which the company will keep looking for investment opportunities. Up until now, Globalvia managed the operation of two assets, Autopista del Itata and Autopista del Aconcagua. In the latest, Globalvia is immersed in an important construction and operation Project of the first fifteen km of the route. Moreover, Chile is important to Globalvia for its macro variables, stability, relations with the Public Administration (MOP) and the high quality financial markets which make of the country a key long term partner.