Private investment firm Ardian and Chilean fund manager CMB are buying a 33% stake in a Chilean toll road business from Brookfield Infrastructure.
The target business comprises a 100% interest in Vespucio Norte Express and Túnel San Cristóbal.
Closing of the transaction, which is Ardian Infrastructure's maiden investment in the Chilean transport sector, is subject to the satisfaction of customary regulatory and other approvals.
Asset Chile was financial adviser and Baraona Fischer & Cia was legal counsel to Ardian and CMB.
