Azvi-Cointer de Mexico, S.A. de C.V. acquired the remaining stake in Concesionaria de Autopistas de Michoacán SA de CV from Azvi-Cointer de Mexico, S.A. de C.V., Sociedad Michoacana de Constructores, S.A.P.I. de C.V. and others for approximately €460 million.
February 31, 2019
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Azvi-Cointer de Mexico, S.A. de C.V. acquired the remaining stake in Concesionaria de Autopistas de Michoacán SA de CV from Azvi-Cointer de Mexico, S.A. de C.V., Sociedad Michoacana de Constructores, S.A.P.I. de C.V. and others for approximately €460 million on February 1, 2019. Under the term, Azvi-Cointer de Mexico, S.A. de C.V. and Sociedad Michoacana de Constructores, S.A.P.I. de C.V. will transfer 25.25% and 24.4% respectively. Rubicon Infrastructure Advisors Ltd. acted as financial advisor to Azvi-Cointer de Mexico, S.A. de C.V. and Sociedad Michoacana de Constructores, S.A.P.I. de C.V.
Azvi-Cointer de Mexico, S.A. de C.V. completed the acquisition of the remaining stake in Concesionaria de Autopistas de Michoacán SA de CV from Azvi-Cointer de Mexico, S.A. de C.V., Sociedad Michoacana de Constructores, S.A.P.I. de C.V. and others on February 1, 2019.
Promotora y Operadora de Infraestructura SAB de CV (PINFRA) is a Mexico-based company primarily engaged in the highways operation. The Company is involved in the supervision of construction, operation and maintenance of highways, as well as production of asphalt and other supplies related to road construction. The Company's activities are divided into three business segments: Concession, Construction and Plants. The Concession division focuses on the operation of a number of toll road, bridge and multiple use port terminal concessions. The Construction division renders construction services for its new infrastructure developments and maintenance services for the concessions, which are operational. The Plants division operates asphalt plants in the metropolitan area of Mexico City, which is used to pave highways and suburban roads.
Azvi-Cointer de Mexico, S.A. de C.V. acquired the remaining stake in Concesionaria de Autopistas de Michoacán SA de CV from Azvi-Cointer de Mexico, S.A. de C.V., Sociedad Michoacana de Constructores, S.A.P.I. de C.V. and others for approximately €460 million.
PROMOTORA Y OPERADORA DE INFRAESTRUCTURA, S. A. B. DE C. V. 
