16 05 2016

PSP on termination of Isolux infrastructure JV

Linklaters has advised PSP on the termination of the Isolux Infrastructure joint venture with Isolux Corsan.


PSP Investments is the sole shareholder of Isolux Infrastructure’s toll road business, now renamed ROADIS, which has a portfolio of nine motorway concessions in Brazil, India, Mexico, Spain and the US. PSP has also become the sole owner of 50% of the Wind Energy Transmission Texas (WETT) project - a regulated transmission provider in Texas owned by Isolux Infrastructure and Brookfield Asset Management. Isolux Corsan has become the sole owner of electric transmission lines and solar photovoltaic assets owned through its T-Solar subsidiary. The Public Sector Pension Investment Board (PSP Investments) is a Canadian crown corporation established by an act of parliament in September 1999. Its mandate is "to manage employer and employee contributions made after April 1, 2000 to the federal Public Service, the Canadian Forces and the Royal Canadian Mounted Police pension funds". It is also responsible for contributions made after March 1, 2007 to the Reserve Force Pension Fund. The board's head office is located in Ottawa, Ontario and its chief business office is located in Montreal, Quebec. The Linklaters team was led by corporate partner Jessamy Gallagher. The team also included corporate managing associate Celyn Evans. Involved fees earner: Jessamy Gallagher - Linklaters; Celyn Evans - Linklaters;

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