Piramal Group, Atlantis and Canadian pension funds enter final bidding round for acquiring HC1

Reportedly, the Piramal Group, Italian road operator Atlantis, and Canadian pension funds Canada Pension Plan Investment Board and Caisse de Depot et Placement du Quebec have entered the final bidding round for acquiring Highway Concessions One (HC1), the road portfolio of infrastructure fund manager Global Infrastructure Partners (GIP). Spanning 472 km, GIP’s road assets have been valued at between Rs 40 billion and Rs 42.5 billion by the bidders. The HC1 portfolio comprises seven road assets, of which five are toll roads and two are annuity roads.

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