PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: HOCHTIEF AG

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

HOCHTIEF Completes Sale of Chilean Toll Highway - Sale of 45.45 percent yields EUR 230 million - HOCHTIEF.de
HOCHTIEF Completes Sale of Chilean Toll Highway

 

NewswireToday - /newswire/ - Essen, Germany, 2012/10/04 - Sale of 45.45 percent yields EUR 230 million - HOCHTIEF.de.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As previously announced, HOCHTIEF has completed the sale of its full 45.45 percent share in the operating company of the Vespucio Norte Express toll highway in Santiago de Chile, and has received the payment. The closing will take effect from the third quarter of 2012. The buyer is a consortium led by Brookfield. The divestment, which the company initially reported in July 2012, is worth around EUR 230 million. The sale of concessions which are developed by the Group through to the operating phase are an integral part of the business model and are included in the earnings budgets.

Vespucio Norte Express is one of the most modern road connections worldwide: In operation since January 2006, the link is one of the busiest roads in the Chilean capital. HOCHTIEF had planned, financed and built the link on the basis of a BOT contract (Build, Operate, Transfer) and has been operating it since its opening. In 2001, the company together with partners had received the contract for the 29-kilometer section of the toll beltway around Santiago de Chile from the Chilean Ministry for Public Works. The HOCHTIEF consortium expanded the existing road into a three-lane highway, built 19 interchange structures, took over extension of the drainage channels and completed the integrated toll and traffic control system (multilane free flow) ready-for-operation. The multilane free flow system is considered to be the world‘s most modern fully electronic toll system that is used as an integral and sub-system-compatible technique for the five highway concessions in Santiago de Chile with a total length of around 150 kilometers. Lazard was financial advisor of the transaction.

In Chile, HOCHTIEF Solutions (hochtief.com) is involved in another PPP project: The company holds 50 percent of the shares in the San Cristóbal tunnel and, together with its partner Brookfield Asset Management, has been operating the tunnel since 2008.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: HOCHTIEF AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


HOCHTIEF Completes Sale of Chilean Toll Highway

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

HOCHTIEF AG |
Publisher Contact: Bernd Reuther - HOCHTIEF.de 
+49 201 824-1449 bernd.reuther[.]hochtief.de
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From HOCHTIEF AG / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards
Metso to Provide Crushing and Screening Plant and Life Cycle Services At Tata Steel's Sedibeng Iron Ore Mine
Metso Awarded its Largest Long-term Strategic Services Contract in North America with the World's Second Largest Producer of Soda Ash
Metso's Lokotrack® Machine Handovers During Bauma 2016 Highlight Customer Loyalty and Long Distributor Relationships
Metso Launches the N Series - A New Recycling Equipment Product Range to Offer Versatility and A Broader Choice to the Scrap Metal Industry
Metso Recognized Codelco El Teniente as the First Mining Company to Use Metso's Innovative Grinding Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)