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Spain May Take Stakes in Unprofitable Toll Roads, Cinco Reports

March 21 (Bloomberg) -- 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, 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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