By: Steven Ongenaet
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Advising CDPQ on its acquisition of a portfolio of toll road concession projects in Mexico
The Tax team at Nader, Hayaux & Goebel advised Canadian institutional investor Caisse de dépôt et placement (CDPQ) on the tax aspects of the structuring of the acquisition of Concessionaire Mexiquense (Conmex), a subsidiary of construction company OHL Mexico that operates the 110km highway Circuito Exterior Mexiquense, which connects Mexico City’s main access and exit points.
The team also carried out the tax due diligence to support the acquisition of the shares in the SPVs holding the concession to the toll road in Circuito Exterior Mexiquense. NHG reviewed three Mexican entites holding the concession and operation of the Circuito Exterior Mexiquense toll road, in order to find potential tax risks within the five taxable years previous to the transaction.