DIF – Acquisition of toll road in France
DIF has completed the acquisition of a majority stake in the company operating France’s A-150 toll road. DIF Infrastructure V fund is aquiring a 66.7% stake in ALBEA, which holds the concession until 2066 of an 18km dual-lane motorway in Normandy. The sellers are TIIC and InfraVia, which had each held 33.33%. French developers NGE Concessions (16.67%) and Fayat (16.67%) are not expected to sell their shares. Financial details of the transaction have not been disclosed.