Italians Consider Chilean Toll Road IPO

Italian infrastructure investment firm Atlantia has been holding meetings with Chilean investors regarding the potential IPO of toll road assets, according to market participants. The discussions are said to be preliminary at this point, especially given overall volatile market conditions, but the company is interested in floating part of its toll road package – though which roads would be involved is unclear. Credit Suisse, Goldman Sachs, Santander and UBS are said to be managing the process. Atlantia directly or indirectly owns 50% or greater stakes in 8 Chilean concessions and 1 Brazilian concession, according to its website. Earlier this year it paid $639m equivalent for stakes in 3 Chilean roads from Spain’s Acciona.