Colombia’s ISA acquires road concession for $528 mn

Colombian conglomerate ISA said on Thursday it has acquired a road concession in the country’s north for more than $528 million. The 146 kilometer Cartagena-Barranquilla concession connects major Caribbean cities. The acquisition was made through subsidiary ISA Intervial Chile, one of the biggest interurban road operators in Chile. ISA plans to invest $12.5 billion through 2030, including some $2.9 billion in roads.

Source: Reuters