French company and Chilean fund manager acquire road projects
Eloise Hardy

Ardian and CMB bought the stake from Canadian asset management company Brookfield, which was advised by Carey in Santiago. The deal closed on 5 September.

The transaction is Ardian’s first investment in the Chilean transport sector – it is already active in the country’s energy sector.

The Vespucio Norte Express highway, which has a 14-year concession life, connects the northeast and southwest of Santiago with a toll road. The San Cristóbal tunnel, which is under an 18-year concession, is an express toll viaduct that will be one of the main alternatives for north-south road traffic in the capital.


Counsel to Ardian and CMB Infrustructure Fund 

In-house counsel - Juan Angoitia

Baraona Fischer & Cia

Partners Alfonso Ugarte and Federico Rodríguez, and associates María Jesús Hernández, Gonzalo Aravena, Trinidad Sáenz, Santiago Aninat, Marta Arias and Emily Escobedo

Counsel to Brookfield

In-house counsel - Fernando Ziziotti

Carey

Partner Salvador Valdés, and associates Angélica De la Carrera, Arturo Poblete, Loreto Joannon and Manuel José Garcés


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