SINGAPORE, Nov 7 (Bernama-BUSINESS WIRE) -- Cube Highways, one of India’s leading owners and operators of highways, today announced the signing of definitive agreements for a minority stake sale to an entity that is ultimately wholly-owned by the Abu Dhabi Investment Authority (“ADIA”).
In addition, shareholders of Cube Highways will look to invest up to $1 billion in new capital towards the acquisition of additional roads and highways, as well as new platform company investments in areas such NHAI’s Toll-Operate-Transfer (TOT) program, Hybrid Annuity Model (HAM) and other areas.
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