CVC DIF, the infrastructure strategy of global private markets manager CVC, has plans to sell its interests in the Portuguese highway concessions Norte Litoral and Algarve to Igneo Infrastructure Partners. Financial terms were not disclosed.
The Norte Litoral concession covers the A27 and A28 highways spanning 113 kilometers (70 miles) and runs until 2031, while the Algarve concession covers the 133-kilometer (83-mile) A22 highway and expires in 2030. Both operate under availability-based public-private partnership models with a revenue-sharing component, providing predictable, inflation-linked cash flows.
CVC DIF first invested in these concessions in 2017, later consolidating its position in 2020. The firm’s investments in Norte Litoral and Algarve are held through the DIF Infrastructure IV and DIF Infrastructure VI funds and DIF IV co-investment vehicles.
CVC DIF said Portugal remains an attractive market for the firm, which plans to continue to seek new in
