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Ferrovial To Buy 7.135% Stake In Highway I-77, In North Carolina, From Aberdeen, For 105 Mln Euros

Ferrovial SA FER:

  • INCREASES STAKE IN US HIGHWAY I-77 TO 72.23%

  • THROUGH UNIT CINTRA, HAS AGREED TO ACQUIRE A 7.135% STAKE IN HIGHWAY I-77, LOCATED IN NORTH CAROLINA (USA), FROM ABERDEEN

  • DEAL, WORTH 105 MILLION EUROS (USD 109 MILLION) RAISES THE COMPANY'S STAKE IN THE ASSET TO 72.23%

  • THE OTHER SHAREHOLDERS ARE JOHN LAING (24.58%) AND ABERDEEN (3.18%)

  • TRANSACTION IS PART OF THE HORIZON 24 PLAN, FOCUSED ON CREATING VALUABLE SUSTAINABLE INFRASTRUCTURE PROJECTS

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