Criteria Caixa sells its stake in Globalvia to OPTrust

By Global Infrastructure Sherpa · Mar 28, 2024

Stake Sale Transport announced Spain Mar 28, 2024

Globalvia Infraestructuras, S.A.

Project

Criteria Caixa sold its stake in Globalvia, a transport infrastructure company, to OPTrust. Bankia was indirectly involved as a shareholder through Criteria Caixa.

Source Intelligence

KEY DETAILS

The agreement consists of an initial payment of €166 million and another deferred payment of up to a maximum €254 million. The transaction is subject to a series of conditions, including certain third party approvals and authorizations. This transaction, which is seen as positive for the bank in terms of liquidity and capital, could make both Bankia and FCC obtain up to €210 milion.

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Deal Size

to acquire 100% of their shares in Globalvia Infraestructuras, S.A. for a figure of up to €420 million

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Location

Globalvia’s target markets are OECD countries, with special emphasis on Spain, other European Union countries, and North America.

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Financials

The consortium had previously notified the sellers of their intention to exercise their right, as holders of a €750 million convertible loan, to match the offer that the sellers had received from Khazanah Nasional Berhad.

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Announcement

02-11-2015

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Signing

On 23 October 2015, OPSEU Pension Trust (OPTrust), PGGM, and Universities Superannuation Scheme Ltd (USS) (together, the consortium) reached an agreement with Fomento de Construcciones y Contratas (FCC) and Bankia (together, the sellers) to acquire 100% of their shares in Globalvia Infraestructuras, S.A.

PARTIES MENTIONED IN SOURCE

O

OPSEU Pension Trust buyer

"OPSEU Pension Trust (OPTRUST), PGGM, and Universities Superannuation Scheme Ltd (USS) (together, the consortium) reached an agreement with Fomento de Construcciones y Contratas (FCC) and Bankia (together, the sellers) to acquire 100% of their shares in Globalvia Infraestructuras, S.A."

P

PGGM buyer

"OPSEU Pension Trust (OPTRUST), PGGM, and Universities Superannuation Scheme Ltd (USS) (together, the consortium) reached an agreement with Fomento de Construcciones y Contratas (FCC) and Bankia (together, the sellers) to acquire 100% of their shares in Globalvia Infraestructuras, S.A."

U

Universities Superannuation Scheme Ltd buyer

"OPSEU Pension Trust (OPTRUST), PGGM, and Universities Superannuation Scheme Ltd (USS) (together, the consortium) reached an agreement with Fomento de Construcciones y Contratas (FCC) and Bankia (together, the sellers) to acquire 100% of their shares in Globalvia Infraestructuras, S.A."

F

Fomento de Construcciones y Contratas seller

"OPSEU Pension Trust (OPTRUST), PGGM, and Universities Superannuation Scheme Ltd (USS) (together, the consortium) reached an agreement with Fomento de Construcciones y Contratas (FCC) and Bankia (together, the sellers) to acquire 100% of their shares in Globalvia Infraestructuras, S.A."

B

Bankia seller

"OPSEU Pension Trust (OPTRUST), PGGM, and Universities Superannuation Scheme Ltd (USS) (together, the consortium) reached an agreement with Fomento de Construcciones y Contratas (FCC) and Bankia (together, the sellers) to acquire 100% of their shares in Globalvia Infraestructuras, S.A."

D

Deutsche Bank advisor

"The consortium has been advised by Deutsche Bank, as sole financial advisor"

A

Allen & Overy advisor

"The consortium has been advised by Deutsche Bank, as sole financial advisor, and Allen & Overy as legal counsel."

medium quality Enriched Feb 19, 2026

Timeline

Announced

Mar 28, 2024

Signed

Oct 23, 2015

Closed

Counterparts (4)

Buyer

OPTrust invests in a variety of asset classes, including infrastructure, with a focus on long-term, ...

shareholder (indirectly through Criteria Caixa)

Bankia, now part of CaixaBank, is a Spanish financial institution that provides banking and investme...

Seller

Criteria Caixa is a major Spanish holding company with investments across various sectors, including...

target

Globalvia is a Spanish company specializing in the management of infrastructure concessions, primari...

Market Context

This deal is part of the Transport sector in Spain.

110

Transport deals

99

deals in Spain

Source

www.globalvia.com

1 of 110 Transport deals tracked this month · Updated daily

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