Macquarie Group is selling its stake in Safeway Concessions to VINCI Highways, a subsidiary of VINCI, at an enterprise value of about Rs 15,000 crore (around $1.7 billion). Separately, it has invested $150 million in Essar Group-backed Mesabi Metallics.
Macquarie selling Safeway Concessions stake
Macquarie Asset Management is all set to sell its stake in Safeway Concessions to VINCI Highways, a subsidiary of VINCI, at an enterprise value of about Rs 15,000 crore (around $1.7 billion), per an announcement.
The transaction, executed through Macquarie Asia Infrastructure Fund 2, is among the largest toll road deals in India.
Safeway was set up in 2018 under the National Highways Authority of India’s toll-operate-transfer (TOT) model, part of the government’s push to privatise highway assets.
It includes nine toll road projects in Andhra Pradesh and Gujarat, covering nearly 700 km across major national routes. The deal, subject to regulatory approval, is expected to be completed by the end of 2026.
Essar Group’s Mesabi Metallics raises $150m
Mesabi Metallics, backed by India’s Essar Group, has secured $150 million in financing from Macquarie Group.
The money will help start its iron ore mine and pellet plant in Nashwauk, Minnesota, in the third quarter of 2026.
The project will be the first new mine and pellet plant in the state in nearly 50 years.
The Essar Group, specialising in investments and developing assets in energy, infrastructure, metals & mining, and technology and retail, has pumped about $2 billion into the project so far.
