Swiss Life Asset Managers, on behalf of three of its infrastructure funds, has acquired an additional 12.53 percent stake in Spanish toll road operator Itínere Infraestructuras from APG. Building off an earlier stake acquired in December 2024, the transaction brings Swiss Life’s ownership in Itínere to 37.60 percent.
Itínere operates five toll roads across Northern Spain, covering approximately 470 kilometers (292 miles). Additionally, Itínere holds the concession agreement for managing the operation, maintenance and conservation of another 55-kilometer (34-mile) toll road in the same region.
The Swiss Life Funds (LUX) Global Infrastructure Opportunities IV, Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-ELTIF and the Swiss Life Investment Foundation Infrastructure Global ESG (EUR) were involved in the acquisition.
“This acquisition reinforces our strategy to focus on control and co-control positions across our portfolio companies and reflects
