DIF IV – Sale of toll-road stake in France


DIF’s fourth fund has sold its remaining stake in the EUR 1.1bn A-63 toll-road concession, two years after buying the holding.  AXA IM and Credit Agricole Assurances have acquired the 9.2% stake in the 40-year Atlandes concession. The two now own a 51.2% stake, having acquired in November 2016 a 42% stake from InfraRed Infrastructure Fund III. Financial details of the transaction have not been disclosed