DIF Capital Partners has agreed to acquire two availability-based public-private partnership (P3) investments in Portuguese roads from Cintra, a subsidiary of Ferrovial.
The deal involves a 49 percent stake in the Norte Litoral and a 48 percent stake in the Via do Infante availability P3 roads. Via do Infante (A22) is a 133-kilometer (82-mile) motorway concession between Lagos and Castro Marim in southern Portugal. Norte Litoral (A28 and A27) is a 113-kilometer (70-mile) motorway concession between Porto and Caminha, and from Viana do Castelo to Ponte de Lima, in northern Portugal.
DIF already controls the remaining 51 percent stake in Norte Litoral as well as a 49 percent stake in Via do Infante — stakes it acquired from Cintra in 2016. Following the deal, Cintra will continue to provide the management services for both roads.
The investments will be made through the firm’s DIF Infrastructure VI fund, which is investing in both greenfield and operational as
