APG and Corsair Capital agreed to acquire stake to reach a 59.2% majority of the interests in Itínere Infraestructuras at a €1.3bn equity valuation. Itínere is a major Spanish infrastructure management company that operates five toll road concessions, all fully operational, in Northern Spain. Consortium bought 15.51% stake from Sacyr for €202m. Additionally, Liberbank sold its 5.81% stake. “We are continuously looking for attractive infrastructure investments across Europe that help us realize stable and long-term returns for our pension fund clients and their participants. The 552 kilometers of toll roads that Itínere manages are vital infrastructure and fully operational. Therefore, we are very pleased with today’s agreement to acquire a majority of the interests in the company together with Corsair.” Ron Boots, APG Head of European Infrastructure.