AXA IM - Real Assets has acquired a 42% stake in Atlandes, the concession-holder of the A63 motorway in South-West France. The deal was completed on behalf of AXA Germany and AXA France, and in joint venture with Crédit Agricole Assurances. The transaction volume was not disclosed.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
