OPTrust Is Said to Weigh Sale of Its Stake in Spain’s Globalvia

Canada’s OPTrust is considering strategic options including a possible sale for its roughly 40% stake in Spanish infrastructure company Globalvia, according to people with knowledge of the matter.

The pension fund is working with an adviser to solicit interest from potential buyers as it reviews alternatives, said one of the people, who asked not to be identified discussing confidential information.

A transaction may value Globalvia at about €3 billion ($3.3 billion), said the people. No final decisions have been made and it’s possible OPTrust will retain the stake.

An OPTrust representative declined to comment. A spokesperson for Globalvia didn’t ...