Radar > 225729

Isolux Corsán and PSP Investments will divide Isolux Infrastructure's assets

Isolux Corsán y PSP Investments se repartirán los activos de Isolux Infrastructure

Intel ID : 225729
Synopsis

Spain-based Isolux Corsán and Canada-based PSP Investments will divide Isolux Infrastructure's assets, which could be valued at USD 2.1bn, as reported by newspaper Expansión in an article published on 29 may 2015.

The companies may have decided to to settle their liquidation contract of Isolux Infrastructure, which is controlled by Isolux Corsán with 80.7%, and by PSP Investments with 19.3% of the capital. Thus, PSP Investments could retain the toll road business of Isolux Infrastructure, while Isolux Corsán could retain the energy business.

Moreover, Isolux Corsán, which refused to comment, may have received proposals for the energy assets
(content in spanish)

La compañía española Isolux Corsán y la canadiense PSP Investments se repartirán los activos de la empresa Isolux Infrastructure, que podrían tener un valor cercano a los USD 2.100m, según ha comunicado el diario Expansión en una información del 29 de mayo de 2015.

Las compañías habrían decidido liquidar su contrato de liquidación formalizado en Isolux Infrastructure, que está participada en un 80,7% por Isolux Corsán y en un 19,3% por PSP Investments. De este modo, PSP Investments podría quedarse con el negocio de autopistas de Isolux Infrastructure, mientras que el grupo español mantendría la actividad energética.

Además, Isolux Corsán, que no ha querido pronunciarse acerca de la operación, podría haber recibido propuestas por los citados activos energéticos

Bidder

Spain

Advisors

retained
PSP Investments
Canada

Advisors

retained

Intel ID 225729
Value ND
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Infrastructure / Roads and Highways
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Secondary Sectors (TTRSC)
20.04.07 Renewable Energy Equipment
20 Energy & Utilities / 20.04 Renewable Energy

35.03.05 Homebuilders (Residential)
35 Industrials / 35.03 Construction & Engineering

35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Infrastructure / Roads and Highways (Primary)
Primary Sector (TTRSC)
35.09.05 Toll Bridges, Roads & Highways
35 Industrials / 35.09 Transport Infrastructure

Country
Website
Description

Financial Advisory

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.