French company and Chilean fund manager acquire road projects
Eloise Hardy
Ardian and CMB bought the stake from Canadian asset management company Brookfield, which was advised by Carey in Santiago. The deal closed on 5 September.
The transaction is Ardian’s first investment in the Chilean transport sector – it is already active in the country’s energy sector.
The Vespucio Norte Express highway, which has a 14-year concession life, connects the northeast and southwest of Santiago with a toll road. The San Cristóbal tunnel, which is under an 18-year concession, is an express toll viaduct that will be one of the main alternatives for north-south road traffic in the capital.
Counsel to Ardian and CMB Infrustructure Fund
In-house counsel - Juan Angoitia
Baraona Fischer & Cia
Partners Alfonso Ugarte and Federico Rodríguez, and associates María Jesús Hernández, Gonzalo Aravena, Trinidad Sáenz, Santiago Aninat, Marta Arias and Emily Escobedo
Counsel to Brookfield
In-house counsel - Fernando Ziziotti
Carey
Partner Salvador Valdés, and associates Angélica De la Carrera, Arturo Poblete, Loreto Joannon and Manuel José Garcés
