Macquarie and InfraVia acquire stake of Cajamar, Azvi and Sando

A consortium formed by the Australian investment fund Macquairie and the French InfraVia has acquired 39% of the Málaga metro, after buying the shares of Cajamar (18.86%), Azvi (12%) and Sando (8.57%), through the Sevillian subsidiary Cointer. The transaction cost €108 million, which means the Málaga metro is now worth €274 million.

This purchase converts the consortium in the infrastructure's majority shareholder. The remaining share capital continues to be held by the Public Works Agency of the Regional Government of Andalusia, Comsa, FCC, Globalvía and Grupo Vera.

Cuatrecasas, Gonçalves Pereira advised sellers Cajamar, Azvi and Sando on the transaction. Partner Francisco J. Martínez Maroto (Corporate M&A) led the legal team with partner Fernando Bernad (Corporate Finance) and associates Maria José Víboras, Marta Máñez and Javier Gallego (Corporate M&A), and with the collaboration of Francisco Pérez-Crespo (Corporate and Commercial) and Nicolás González-Deleito (Administrative and Regulatory Law).

The Málaga metro has two lines totaling 11.3 kilometers and 17 stations, and has transported over 6 million passengers since coming into operation in the summer of 2014.