Intertoll’s Creation of €43 million Joint Venture With Aberdeen

Hogan Lovells has advised Intertoll Europe and Aberdeen Asset Management (Aberdeen), on the creation of a joint venture to be known as Intertoll Capital Partners. Hogan Lovells also advised Intertoll on the sale of the seed assets to the joint venture vehicle.

Intertoll Europe will hold a 50.01% interest in Intertoll Capital Partners, with Aberdeen holding a 49.99% stake. Intertoll Europe has transferred assets from its road PPP equity portfolio, comprising interests in the A1 PPP in Poland (15%) and two sections of the M6 in Hungary – Mecsek (10%) and Duna (12.67%), for ZAR 633.2 million (EUR 43 million). Johannesburg Stock Exchange listed Group Five owns Intertoll Europe.

The Hogan Lovells team advising Intertoll Europe was led by London infrastructure and energy partner Philip Brown (Picture), with associate Claire Corbett.

Involved fees earner: Philip Brown – Hogan Lovells; Claire Corbett – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Intertoll;