Swiss Life Asset Managers is acquiring a stake from APG in Itínere Infraestructuras, a leading toll road operator in Spain.
Swiss Life Asset Managers, on behalf of “Swiss Life Funds (LUX) Global Infrastructure Opportunities IV SCSp, SICAV-RAIF” (GIO IV), has entered into a binding agreement with APG to invest in Itínere Infraestructuras.
In October 2024, APG had reached an agreement with Globalvia for the acquisition of Globalvia’s entire stake in Itínere Infraestructuras, S.A. After that, APG’s total stake in Itínere amounted to approximately 96 percent.
Northern Spain
Itínere Infraestructuras is a leading Spanish infrastructure management company. It operates five toll roads across Northern Spain, covering approximately 470 kilometres. Additionally, Itínere holds the conces-sion agreement for managing the operation, maintenance, and conservation of another 54.8 kilometres toll road in the same region.