Deals
Chinese Group Is Among Bidders for Portugal’s Brisa Stake
- China State Construction Engineering bidding with two funds
- Bidders prepare binding offers after management presentations
Source: Brisa
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A Chinese group led by China State Construction Engineering Corp. is among suitors for Portuguese highway operator Brisa, in what could become one of the largest European infrastructure deals this year, according to people familiar with the matter.
The state-owned company has formed a consortium with Chinese investment fund CNIC Corp. and China-Portuguese-Speaking Countries Cooperation Development Fund, said the people, asking not to be identified because the matter is private. More investors could join the Chinese group, which is working with an adviser on the deal, the people said.