Ferrovial Sells Its 15% Of Ausol Toll Roads To French Fund Meridiam For 111 Mln Euros
Ferrovial SA FER:
SELLS ITS 15% OF AUSOL TOLL ROADS TO MERIDIAM FOR €111 MILLION
DIVESTMENT OF AUSOL PRODUCED A CAPITAL GAIN OF €473 MILLION BOOKED IN 2019, WITH RESULT THAT THERE WILL BE NO ACCOUNTING EFFECT IN THE 2022 INCOME STATEMENT
DEAL IS PART OF COMPANY'S ASSET ROTATION STRATEGY
SALE IS RESULT OF CINTRA EXERCISING PUT OPTION IT HAS HELD SINCE SELLING 65% OF AUSOL I AND AUSOL II TOLL ROADS TO THAT FRENCH FUND IN 2019
THIS COMPLETES FERROVIAL'S DIVESTMENT OF THESE ASSETS, WHICH WERE AWARDED IN 1996 AND 1999, RESPECTIVELY