Meridiam to acquire 65% stake in Autopista del Sol for $505m.

Meridiam, a global investor and asset manager, agreed to acquire 65% stake in Autopista del Sol, concessionaire of the Costa del Sol toll road, from Cintra, a Ferrovial's subsidiary, for $505m (€447m). Cintra will retain a 15% interest in the share capital of Ausol. This acquisition reinforces Meridiam leading position in the field of road infrastructure with a portfolio of 2,000km worldwide.