Deals
Goldman Explores Sale of Puerto Rico Toll Roads Stake
- Transaction could value Metropistas at more than $2 billion
- New York-based firm owns 49% of the toll road concession
Heavy traffic is seen in the highway 22 in Dorado, Puerto Rico.
Photographer: Ricardo Arduengo/AFPThis article is for subscribers only.
Goldman Sachs Group Inc. is seeking buyers for its 49% stake in a Puerto Rico toll road concession that could value the asset at more than $2 billion, according to people familiar with the matter.
Goldman is working with advisers to solicit interest from potential suitors for Autopistas Metropolitanas de Puerto Rico LLC -- known as Metropistas, said the people, who asked not to be identified because the talks are private. A representative for Goldman declined to comment.