Macquarie to Acquire 40 Per Cent Interest in Cintra

Macquarie Infrastructure Group, a large infrastructure investment company listed on the Australian Stock Exchange, agreed to acquire a 40 per cent interest in Cintra Concessiones de Infraestructuras de Transporte, S.A., a subsidiary of Grupo Ferrovial, for $1.4 billion on September 9, 2001. Ferrovial is a large European diversified construction contracting company. Cintra has interests in 15 toll roads, including a majority stake in Highway 407 in Canada. The other countries in which Cintra holds toll road interests include Spain, Portugal and Chile. The deal is expected to close in January 2002.

McCarthy Tétrault LLP is acting for Cintra with a team comprised of G. Blair Cowper-Smith (business), Peter H. Harris, Q.C. and Steven Baum (tax). Baker & McKenzie’s Toronto, London, Madrid, Sydney and Santiago offices are advising Macquarie on this matter. The Baker & McKenzie team includes Kathy Orysiuk, Sandra Haines and Alex Ostrop (corporate/commercial), Leneo Sdao (finance), Janice McAuley and Kanta Wadhwan (competition) and Brian Segal (tax) in Toronto.