Clifford Chance has advised Ascendi on the acquisition of a majority stake in Elsamex Gestión de Infraestructuras, a Spanish company devoted to the operation and maintenance of roads, with presence mainly in Spain and Portugal.

Following the transaction, which is pending to be approved by the merger control authorities, Elsamex Gestión de Infraestructuras’s managers will retain a significant stake in the company.

The Clifford Chance team advising Ascendi was led by partner Javier Amantegui together with senior associate Daniel García Juárez, with support from associates Beatriz Melo, María Vilar, María Aguayo and Estel Casas. Partner Rodrigo Uría and Counsel Felipe Font advised on the financing aspects of the deal. Counsel Begoña Barrantes and associates Paula Valenciano and Óscar Barracchini provided support with respect to merger control matters.