{"id":43081,"date":"2018-12-12T18:09:26","date_gmt":"2018-12-12T17:09:26","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/press_releases\/desinversion-autopistas-grecia\/"},"modified":"2022-12-21T12:05:16","modified_gmt":"2022-12-21T11:05:16","slug":"greece-toll-roads-desinvestment","status":"publish","type":"press_release","link":"https:\/\/newsroom.ferrovial.com\/en\/press-releases\/greece-toll-roads-desinvestment\/","title":{"rendered":"Ferrovial sells Ionian Roads and Central Greece toll roads to GEK Terna for \u20ac85 million"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p>Ferrovial has sold its stake in the Greek toll roads <strong>Central Greece<\/strong> and<strong> Ionian Roads<\/strong> to GEK Terna for \u20ac85 million. The buyer, Greece&#8217;s largest infrastructure operator, now owns 100% of both toll roads, having acquired Ferrovial&#8217;s respective 33.34% and 21.41% stakes.<\/p>\n<p>The deal, which is in line with the <strong>company&#8217;s asset rotation strategy<\/strong>, provides \u20ac80 million in capital gains. The Central Greece concession runs from 2008 to 2038, and the Ionian Roads concession from 2007 to 2037; Ferrovial carried both assets by the equity method.<\/p>\n<p>Cintra, a subsidiary of Ferrovial, is one of the world\u2019s leading private sector developers of transportation infrastructure, in terms of the number of projects and the volume of investment. It currently manages over 1,468 kilometers of toll roads in 24 concessions in Canada, the US, Europe, Australia and Colombia. It is also the largest shareholder of the concessionaire for 407 ETR, in Ontario, Canada, with a 43.23% stake.<\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":42887,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[1856,1132,1149,1847,1070],"nivel-5":[],"nivel-1":[903],"nivel-3":[],"nivel-4":[],"class_list":["post-43081","press_release","type-press_release","status-publish","has-post-thumbnail","hentry","nivel-2-disinvestment","nivel-2-estrategia-empresarial-es-es","nivel-2-infrastructures","nivel-2-management","nivel-2-shareholders-and-investors","nivel-1-highways"],"acf":[],"yoast_head":"<title>Ferrovial sells Ionian Roads and Central Greece toll roads to GEK Terna for \u20ac85 million Ferrovial<\/title>\n<meta name=\"description\" content=\"Ferrovial has sold its stake in the Greek toll roads Central Greece and Ionian Roads to GEK Terna for \u20ac85 million.\" \/>\n<meta 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