Core Viewpoint - Yuexiu Transportation Infrastructure (01052) has announced the acquisition of an 85% stake in Shandong Qinbin Expressway for a total price of 1.1535 billion RMB, which is expected to enhance the company's revenue and EBITDA growth [1][1]. Group 1: Acquisition Details - The acquisition involves Shandong Qinbin Expressway, which is a crucial coastal expressway in the Bohai Rim region and part of the national expressway network linking Beijing and Harbin (G1) [1][1]. - The transaction is anticipated to be completed by the end of 2025 or early 2026, at which point the revenue from Shandong Qinbin Expressway will be fully integrated into Yuexiu Transportation [1][1]. Group 2: Financial Impact - Fitch Ratings believes that this acquisition will support the growth of Yuexiu Transportation's EBITDA and extend the average concession period of its assets by approximately one year to 12 years [1][1]. - The acquisition is expected to offset the impacts from the sale of the Jinxiong Expressway and the expiration of the concession period for the Guangzhou North Ring Expressway in 2024 [1][1].
越秀交通基建早盘涨近6% 拟收购山东秦滨高速85%股权 有望推动公司EBITDA增长