Horizon and RiverRock to acquire a 89.2% stake in Euroscut Acores from Ferrovial for €43m.

Horizon, a private equity firm, and RiverRock, a private equity firm, agreed to acquire a 89.2% stake in Euroscut Acores, a road construction company, from Ferrovial, a multinational company involved in the design, construction, financing, operation and maintenance of transport infrastructure and urban services, for €43m. "The sale is expected to provide €47m in capital gains for Ferrovial, which will continue to provide technical services to the concession company for two years, which may be extended by mutual agreement. The sale will enable Ferrovial to deconsolidate all of the project’s gross debt to third parties, which amounts to €284m. Completion of the transaction is subject to approval by the Portuguese authorities and by lenders," Ferrovial.