Spain May Take Stakes in Unprofitable Toll Roads, Cinco Reports

Spain’s government is looking at taking equity stakes in unprofitable toll roads, Cinco Dias reported, citing unidentified people familiar with the matter.

The government may use a state-controlled transport infrastructure company known as Seittsa to take the stakes, the newspaper said.

The government may buy shares of the M-12 road in the Madrid region, which is operated by Obrascon Huarte Lain SA (OHL), and of the AP-41 highway between Madrid and Toledo, which is managed by a group including Isolux Corsa, Cinco said.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net

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