Ardian and CMB to acquire a 33% stake in Chilean toll road business from Brookfield.

Ardian, a private investment firm, and CMB, a Chilean fund manager, agreed to acquire a 33% stake in Chilean toll road business from Brookfield. The business that is being acquired is comprised of a 100% interest in Vespucio Norte Express and Túnel San Cristóbal in Santiago de Chile. Financial terms were not disclosed. “The Chilean concession system has a long and consistent history of development, fostering very productive and valuable public-private partnerships based on a robust legal framework system. The Chilean concession system has become a cornerstone of the economic development of the country. The acquisition of two key assets in the urban toll road system of Chile’s capital is a strategic milestone for Ardian Infrastructure," Juan Angoitia, Ardian Senior Managing Director.