Global law firm Ashurst has advised Abertis Infraestructuras, S.A. (Abertis) on the £34.5m sale of its 33.3% interest in Road Management Group Limited (RMG) to HICL Infrastructure PLC, the London-listed infrastructure investment company managed by InfraRed Capital Partners Limited.
RMG is a holding company which comprises two strategically located UK shadow toll roads, being the A417/A419 Swindon-Gloucester and the A1(M) Alconbury-Peterborough. The toll roads are both 30-year shadow toll PFI concessions for the design, construction, financing, operation, and maintenance of the roads, which reached financial close in March 1996 and construction completion in 1998.
The Ashurst team was led by corporate partners Aaron Shute and María José Menéndez, supported by senior associates Dallan Pitman and Jake Hadfield and associate Matthew Vine. Projects partner Terence van Poortvliet and senior associate James Illingworth, competition partner Steven Vaz and tax partner Nicholas Gardner also advised.
