CVC DIF divests its stakes in two Portuguese highway concessions, Norte Litoral and Algarve, to Igneo Infrastructure Partners, highlighting its strategic focus on maximizing value for investors.

Target Information

CVC DIF has agreed to divest its stakes in two prominent Portuguese highway concessions: Norte Litoral and Algarve. The Norte Litoral concession encompasses a total length of 113 kilometers across the A27 and A28 highways, with operations scheduled to continue until 2031. Meanwhile, the Algarve concession covers 133 kilometers along the A22 highway, set to expire in 2030. Both concessions are structured under availability-based public-private partnership models that include a revenue-sharing component, ensuring predictable and inflation-linked cash flows.

Since its initial investment in these assets in 2017, CVC DIF has expanded its investment by consolidating its position in 2020. The company's local investment team has actively managed operations, resulting in stable performance and resilient cash flows throughout its ownership period.

Industry Overview in Portugal

The highway infrastructure sector in Portugal is critical for the nation’s economic growth, facilitating the movement of goods and people across the country. The toll road concessions play a significant role in the overall infrastructure develop