BBVA has acted as Sole Financial Advisor to InfraVia in the sale of its 33.39% stake in Metro de Málaga to Vauban Infrastructure Partners

Metro de Málaga is the light rail network concession granted by the Andalusian Regional Government for the construction and operation of lines 1 and 2 of the Málaga metro (13.5 km) Metro de Málaga began operations in July 2014 (22 years remaining, ending in 2042) Metro de Málaga currently operates 17 stations of Lines 1 and 2, which will be expanded to 5 additional stations

The sale of InfraVia’s stake in Metro de Malaga is a landmark transaction:

• Largest rail infrastructure M&A transaction since 2018 in Europe
• Largest Spanish M&A transaction ever in the rail infrastructure sector

BBVA strengthens its position as the leading M&A advisor in the infrastructure sector in Iberia, having advised on some of the most relevant transactions in the last 3 years:

• Sole Financial Advisor to InfraVia in the sale of its 33.39% stake in Metro de Málaga to Vauban Infrastructure Partners (September 2021)
• Sole Financial Advisor to Telefónica in the acquisition of a 20% stake in Nabiax from Asterion through the contribution of four Data Centres (May 2021)
• Sole Financial Advisor to Ferrovial in the sale of its 100% stake in Figueras Penitentiary Centre and its 22% stake in the City of Justice of Barcelona and Hospitalet to Standard Life Aberdeen (January 2021)
• Sole Advisor to Tecnovia, Conduril, Novo Banco, Iridium and Millennium BCP in the sale of Baixo Alentejo Road Concession to Vauban for an EV of c. EUR 400 Mn (December 2020)
• Sole Advisor to Meridiam in the acquisition of 8 Spanish infrastructure concessions from Acciona for a total EV of EUR 740 Mn (November 2020)
• Sole Financial Advisor to Iridium (ACS Group) in the sale of 6 shadow toll road concessions to Hermes for EUR 950 Mn (November 2019)
• Sole Financial Advisor to Cintra (Ferrovial) and Unicaja in the sale of Ausol to Meridiam for EUR 1.2 Bn (June 2019)
• Advisor to Telefónica in the sale of a global platform of 11 Data Centres to Asterion for EUR 550 Mn (May 2019)

BBVA's capabilities and experience in the infrastructure sector have contribute to the price maximization and certainty of execution.

For BBVA this transaction represents:

• 143^thM&A transaction advised with Spanish target since 2009
• 15^th M&A Mandate advised with Iberian involvement in the context of COVID-19 pandemic
• 8^th M&A Transaction in infrastructure sector with Iberian involvement since 2019

BBVA, has been recognized as Best Investment Bank in Spain by Global Finance in 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012 and 2011