India: Mitsubishi-led Japanese consortium to buy 20% stake in Cube Highways

Mitsubishi Corp. on Wednesday said that a Japanese consortium led by it, which includes East Nippon Expressway Co. Ltd (NEXCO East) and Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN), has agreed to acquire a 20% stake in Cube Highways and Infrastructure Pte. Ltd.

Cube Highways is a platform set up by global infrastructure investor I Squared Capital and International Finance Corp. (IFC). The platform currently owns and operates over 1,700 lane-km of highways in India across a diverse portfolio of toll and annuity-based roads.

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