Bancomext Sells Chile Concessions

Mexican export development bank Bancomext has sold two Chilean toll road concessions to Spain’s Global Via Infraestructuras, for $553m. The concessions, Sociedad Concesionaria Autopista del Aconcagua and Sociedad Concesionaria Autopista del Itata, were put up for sale in January and have concessions expiring in 2020. BNP Paribas and Nafin advised on the sale. Bancomext acquired the roads in 1998 from Mexican construction company Grupo Tribasa. In the same announcement, Bancomext said it completed the restructuring of $400m in debt Cuba owed to Mexico and is in the final stages of selling the World Trade Center in Mexico City.