Citigroup acquires Spain’s Itinere Infraestructuras
03 December 2008
Citi Infrastructure Partners, a Citigroup infrastructure fund, has acquired Spain’s Itinere Infraestructuras from Sacyr Vallehermoso for € 7,8 billion. The acquisition represents a € 2,8 billion payment for Itinere’s equity and € 5 billion for assuming net debt.
“With this transaction, Sacyr Valleheroso reaps the value that Itinere gained from…