Investment funds managed, directly and indirectly by Strategic Value Partners and its affiliates, and other minority investors, have agreed to sell concessionaire AEDL – Auto-Estradas do Douro Litoral to funds managed by Igneo Infrastructure Partners.
SVP acquired AEDL in 2021 from the road operator Brisa after the company had been in default on its debt service obligations. Since then, SVP has changed AEDL’s management team and successfully renegotiated the operations and maintenance contract of the road operated by Ascendi, delivering significant savings to the shareholders.
AEDL operates the Douro Litoral motorway concession, which includes three toll motorways (A32, A41 and A43) within Porto’s metropolitan area that comprise 73 kilometers (45 miles) and are a critical part of Portugal’s regional road infrastructure. The concession was awarded to AEDL in 2007 by Portugal for a 27-year period, with operations starting in 2012.
Under SVP’s ownership,
