José de Mello Group concludes sale of 40% of Brisa
The José de Mello Group concluded today the sale of a 40% stake of the voting rights in Brisa, following the sale agreement publicly announced on 28 April.
The agreement entered into with a consortium of international investors consists of a strategic partnership with the José de Mello Group, which will remain as a reference shareholder in Brisa, holding approximately 17% of the voting rights.
With the entry of a new majority shareholder in Brisa, a new Board of Directors will be appointed, which will continue to be chaired by Vasco de Mello, and a new Executive Committee, chaired by António Pires de Lima.
The purchasing Consortium has extensive experience in the management of infrastructure companies and a long-term vision on the investments it makes and is constituted by three institutional investors, namely APG (asset manager of the pension fund of the civil servants and the education sector in the Netherlands), NPS (national pension service of the Republic of Korea) and Swiss Life AM (life insurance asset manager of the largest Swiss insurance company).
“The José de Mello Group remains committed and intends to keep contributing to Brisa’s success as a financially sound, sustainable and relevant company in the Portuguese economy. The scale of the three entities that constitute the purchasing consortium, their long-term view on their investments and their accumulated experience in the infrastructure sector will allow Brisa to continue its growth and development plans.”, stated Vasco de Mello, chairman of the José de Mello Group.
The completion of this transaction strengthens Brisa’s status as an international reference in its sector, confirms its financial robustness and recognizes the good management performance of the José de Mello Group.