Pennsylvania Gets Offers for Turnpike

By Santiago Perez

Word Count: 374 | Companies Featured in This Article: Abertis Infraestructuras, Cintra Concesiones de Infraestructura de Transporte, Macquarie Infrastructure Group, Grupo Ferrovial, Macquarie Group, Morgan Stanley

At least two bidding groups submitted undisclosed cash offers late Friday for the 75-year lease of the Pennsylvania Turnpike, in what could represent one of the largest deals in the coveted U.S. infrastructure sector.

One of the bidding groups is led by Spanish toll-road operator Abertis Infraestructuras SA and includes undisclosed financial partners, a company official said Saturday.

A person familiar with the situation said another binding bid was filed by Spain's Cintra Concesiones de ...