~ 2009 ~
Pear Acquisition Corporation (a fully-owned Citi Infrastructure Partners subsidiary) launched a successful bid to take over Itínere.
Following this, Arecibo Servicios y Gestiones, S.L. (in which Citi Infrastructures Partners held a majority interest) held 54.1% of Itínere’s shareholders’ equity. In addition, Itinere divested interests in Spanish, Portuguese, Brazilian, Chilean, Irish and Costa Rican concessions to Abertis, Atlantia and Sacyr Vallehermoso. This left Itínere with a portfolio of 6 toll-road concessions in Northern Spain, stretching more than 600 kilometres.