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Macquarie Asset Management has announced the sale of its interest in Safeway Concessions to VINCI Highways.
Macquarie is selling its Safeway Concessions stake to VINCI Highways for about ₹15,000 crore.
KEY POINTS
- The Safeway portfolio includes nine toll highway concessions spanning nearly 700 km in Andhra Pradesh and Gujarat.
- VINCI Highways' acquisition marks its first entry into India's road sector.
- Financial close of the deal is expected by the end of 2026, pending regulatory approvals.
- Under Macquarie, Safeway implemented sustainability initiatives, including LED lighting and electric vehicles in 2023.
COMPANIES
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