Promotora y Operadora de Infraestructura, S. A. B. de C. V. (BMV:PINFRA *) entered into an agreement to acquire remaining 75% stake in COINTER Concesiones Intercontinentales S.L. from Grupo de Empresas Azvi, S.L., Infraestructura Institucional S. de R.L. de C.V. and Sociedad Michoacana de Constructores.
December 16, 2018
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Promotora y Operadora de Infraestructura, S. A. B. de C. V. (BMV:PINFRA *) entered into an agreement to acquire remaining 75% stake in COINTER Concesiones Intercontinentales S.L. from Grupo de Empresas Azvi, S.L., Infraestructura Institucional S. de R.L. de C.V. and Sociedad Michoacana de Constructores on December 17, 2018. Promotora y Operadora de Infraestructura has also amde a capital increase of €438.5 million (MXN 10 billion) to fund the acquisition and for other infrastructure investment.
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.
Promotora y Operadora de Infraestructura, S. A. B. de C. V. (BMV: PINFRA *) entered into an agreement to acquire remaining 75% stake in COINTER Concesiones Intercontinentales S.L. from Grupo de Empresas Azvi, S.L., Infraestructura Institucional S. de R.L. de C.V. and Sociedad Michoacana de Constructores.
PROMOTORA Y OPERADORA DE INFRAESTRUCTURA, S. A. B. DE C. V. 
