Paris, 3rd August, 2016
– Ardian, the independent private investment company, today announces the signing of an agreement to acquire the shares of Ascendi Group in Ascendi PT II, the joint venture in Portuguese motorways.
Ascendi PT II was formed in June 2015 as a partnership between Ardian Infrastructure and Ascendi, and owns and operates five motorways in North Portugal and the Lisbon area.
As part of this new transaction, Ardian Infrastructure will take control of the five jointly held assets, as well as two additional toll roads from Ascendi. Ardian will pay Ascendi a total consideration of €600 million, to which €53 million can be added via a variable price mechanism. Ardian will also acquire the operational and maintenance companies associated with the motorways.
The Ascendi network is the second largest motorway network in Portugal, stretching more than 850km across the seven toll roads, which employ 500 people.