Mitsubishi-led Japanese consortium to pick 20% in Cube Highways

Deal is estimated at Rs 2,500 cr

A Mitsubishi Corporation-led Japanese consortium has agreed to acquire a 20 per cent interest in Cube Highways and Infrastructure Pte Ltd, for an estimated Rs 2,500 crore.
 
East Nippon Expressway Company  (“NEXCO East”) and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (“JOIN”) are also part of the consortium that has bought into Cube, an investment platform of the International Finance Corporation and private equity firm I Squared Capital.
 
Last month, the Abu Dhabi Investment Authority picked up a stake in Cube Highways. Edelweiss Financial Services were advised Cube Highways for both the deals.
 
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