CVC Capital to sell its 25% stake in toll road arm of China's Road King: report

Photo: Reuters

CVC Capital Partners has decided to sell its 25% stake in the toll road arm of China’s Road King Infrastructure Ltd as part of a deal that aims to value the unit at up to $3 billion, two sources with direct knowledge of the matter said.

The Europe-based private equity firm’s exit from Road King Expressway International Holdings (RKE) will come alongside a partial sale by the Chinese parent of its 75% stake, they said.

RKE operates five expressways in China and three in Indonesia.

Its $3 billion valuation partly hinges on the purchase of another toll road asset in the Southeast Asian nation that it is close to finalising, the sources told Reuters.

Reuters

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