Announced
Financials
Sources
Tags
Canada
Friendly
Acquisition
Completed
road construction
Toll Roads
Private
Auction
Private Equity
Disposal
Synopsis
Autogrill, an Italy's highway service group, completed the disposal of 23 Travel Centres across Highways 400 and 401 in Ontario, Canada, to a consortium led by Arjun Infrastructure Partners and Fengate Capital Management, for $190m. The travel centers were operated under the ONroute brand name by HMSHost, a subsidiary of Autogrill. As part of the transaction, HMSHost has agreed to a transition period to provide support services to ensure continuity of service.
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