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INFRASTRUCTURE'S * USA - Bailed-out Citigroup invests $10 billion in toll roads
New York,NY,USA -Land Line Magazine -December 1, 2008: -- An infrastructure subsidiary of recently bailed-out Citigroup has purchased a Spanish toll road company and its assets for $10 billion. The Citigroup subsidiary known as Citi Infrastructure Partners then sold $800 million of its newly acquired assets to separate companies from Spain and Italy... Officials with Citi Infrastructure Partners announced Monday, Dec. 1, that the fund would be purchasing 100 percent of Itinere Infraestructuras SA from Sacyr Vallehermoso SA, the fifth-largest road builder in Spain. The transaction is reportedly worth 7.9 million Euro, or $10 billion US, the companies announced...
Labels: infrastructures
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