Allianz Capital Partners (ACP) and Bastion Infrastructure Group (Bastion) have acquired equity interests in three operating essential Spanish infrastructure assets from Comsa Emte Concesiones.
The acquisition includes 100% of Comsa Emte’s interests in three concession assets, two granted in connection with the Metro Line 9 commuter rail line in Barcelona and one in connection with the Metro Ligero Oeste commuter rail line in Madrid. All assets are fully operational with strong yield generation and are granted under long-term concessions with effectively availability-based payment schemes, with a remaining weighted average life of 26 years. The parties have contractually agreed not to disclose the purchase price.
“With this investment we support essential transportation services for the communities of Madrid and Barcelona. Together with Bastion, the other co-shareholders and the grantors of the concessions we will contribute to ensure operational excellence and customer satisfaction. Based on our capital strength and long-term focus we are interested in expanding our investment activities in the Spanish market,” said Christian Fingerle, Chief Investment Officer responsible for infrastructure investments at Allianz Capital Partners.
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