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Goldman, ICA Sell 32% Stake in Toll Highway Company.Mexico
http://www.bloomberg.com/apps/news?pid=20601086&sid=ateMNt8U...
Submitted by anxora
1 month, 4 weeks, 1 day ago
Goldman Sachs Group Inc. and Empresas ICA SAB raised 6.55 billion pesos ($478 million) by selling a 32 percent stake in a group of toll highways to investors through a trust fund.
The proceeds will be used to pay debt at Red de Carreteras de Occidente, a toll highway holding company known as RCO, ICA said today in an e-mailed statement. Goldman and ICA also will add capital of 2 billion pesos to RCO. After the transactions, Goldman will own about 55 percent of RCO, down from 80 percent, and ICA will own about 14 percent, down from 20 percent.
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