BBGI Global Infrastructure has agreed to acquire a 49-percent equity interest in Via Solutions Nord GmbH & Co. KG, a limited partnership incorporated in Germany, from entities owned by Hochtief Solutions.
The purchase price was undisclosed, however, BBGI said the investment is expected to rank in the company’s top six to 10 investments. Consideration for the acquisition is being funded by BBGI drawing upon its £230 million ($282 million) corporate revolving credit facility and existing cash resources.
Via Solutions is the project company for the A7 motorway public-private partnership (P3) between Bordesholm and Hamburg, Germany. The project includes expansions and upgrades to certain critical sections of the A7 motorway and consists of the design, construction, financing, operation, maintenance and rehabilitation of 65-kilometer (40-mile) widening from four to six lanes of a section of the A7 motorway between the two German cities..
The project includes 1