Three pension funds gave Globalvía Inversiones, S.A. a Euro 350-million (US$479 million) convertible loan in December to acquire brownfield assets. Globalvia Inversiones holds selected profitable assets once held by its parent, Globalvia Infraestructuras, S.A., which now holds troubled assets and minority holdings in non-transportation assets that are for sale. The convertible loan will convert to Globalvia Inversiones, S.A. shares in February 2017, five years after the deal was set up.
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