Globalvia
today received the agreement of the European Union authorities to the operation
in which USS undertook to contribute Euro150 million.

With
the fulfilment of this prior condition, Globalvia will formally close the
transaction in the next few days.

The EU concluded that the proposed
transaction will not create any competitive problems given the low individual
and combined market shares of the parties in all the markets concerned, it
stated in an announcement.

The Community Executive examined the
operation through its simplified procedure which it uses for cases which at
first sight do not pose evident dangers to competition in the market.

It
should be remembered that Globalvia successfully finalised its process for obtaining funds
to facilitate the development of its current concessions portfolio as well as
to undertake future investments, with the commitment by USS to contribute Euro 150
million. This gives continuity to the agreement signed two years ago with the
pension funds PGGM (Netherlands) and OPTrust (Canada) with
which Globalvia achieved its objective of obtaining Euro 750 million.