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i-maritime Newsletter

IL&FS chosen as preferred bidder for stake buy in Chinese co - 2011-12-08

IL&FS Transportation Networks Ltd has been selected as the preferred bidder for the acquisition of 49 per cent equity interest in Chongqing Yuhe Expressway Co Ltd, which operates 58 km of Yu He Expressway in Chongqing in Southwest China, with toll concession rights till 2032.

The company had earlier submitted its Expression of Interest to the Chongqing Expressway Group Company Ltd in this regard.

Source: Hindu Business Line