Abertis, a toll road manager and GIC, a private equity firm is set to acquire a 70% stake in Red de Carreteras de Occidente (RCO), a Mexican toll road operator from Goldman Sachs Infrastructure Partners for $3.8bn. Abertis is facing several lucrative concessions coming up to the end of the term. RCO acquisition is part of the Abertis plan to replenish its backlog of attractive concession projects to counter this effect. Abertis will finance the transaction with available cash and existing committed bank facilities. The closing of the transaction is expected during the first half of 2020 through a tender offer. “This purchase is an important growth deal for the Abertis Group, which enters into a country that strongly promotes public-private partnerships. The deal has been possible thanks to the support of our shareholders," José Aljaro, Abertis CEO.