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M6toll motorway debtholders tap UBS for potential $2.75 bln exit -sources

Published 12/02/2016, 03:03 am
Updated 12/02/2016, 03:10 am
© Reuters.  M6toll motorway debtholders tap UBS for potential $2.75 bln exit -sources
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LONDON, Feb 11 (Reuters) - Lenders in Britain's M6toll motorway are seeking an exit and are working with UBS UBSG.VX on a potential deal which they hope will recoup them some 1.9 billion pounds ($2.75 billion) of debt, people familiar with the matter said on Thursday.

The sale has not yet launched but is likely to appeal to infrastructure funds and other motorway companies, the people added.

Among the creditors are Commerzbank CBKG.DE , Credit Agricole CAGR.PA and Portugal's Novo Banco.

A spokeswoman for the M6toll declined to comment. UBS did not immediately respond to requests for comment. ($1 = 0.6918 pounds)

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