Abertis, John Hancock Life Insurance and Manulife completed the acquisition of Elizabeth River Crossings from Skanska and Macquarie for €1bn.

Abertis, a toll road management company, John Hancock Life Insurance and Manulife Investment Management, an asset management firm, completed the acquisition of Elizabeth River Crossings, a company overlooking the Elizabeth River Tunnels Project, from Skanska, a construction and development company, and Macquarie Infrastructure, a provider of investment management services, for €1bn ($1.18bn). “This acquisition is a further step in the ambitious growth strategy of the Abertis Group, with the acquisition of a solid platform in the United States, a country that offers a strong commitment to public-private partnerships and to the concession framework. We are also very happy to initiate a new partnership with John Hancock. The deal has been possible thanks to the active support of our shareholders, Atlantia, ACS and Hochtief,” José Aljaro, Abertis CEO.