Aberdeen Asset Management & Intertoll
Aberdeen Asset Management and Intertoll acquired a majority equity interest in M6 Duna Autópálya Koncessziós Zrt. and in M6 Tolna Autópálya Koncessziós Zrt.
Deloitte provided transaction advisory services to Aberdeen Asset Management and Intertoll.
Our expert's thoughts:
"The consortium formed by Aberdeen Asset Management, Intertoll and the European Bank for Reconstruction and Development (EBRD) acquired 80% of M6 Duna and 90 % of M6 Tolna, two Hungarian highway concession companies from PORR and Bilfinger. Combined construction CapEx of the two highways exceeded EUR 1 billion. Deloitte is proud to be part of this deal which is likely the only transaction in Hungary in recent years in this magnitude between two private parties. Model review services had key role in this transaction, as the valuation is heavily dependent on the income streams provided by the two complex long term concession contracts underlying the financial model."