Spain's Ferrovial to buy 24% stake in India's IRB Infrastructure Trust for $810m

Spain's Ferrovial to buy 24% stake in India's IRB Infrastructure Trust for $810m

Photographer: Prashanth Vishwanathan/Bloomberg

Spanish construction giant Ferrovial said on Thursday it will buy a 24% stake in IRB Infrastructure Trust, an investment vehicle that holds a portfolio of 12 toll road concessions in India, for 740 million euros (about $810 million).