By Steve Goldstein

LONDON (MarketWatch) -- A Citigroup infrastructure fund is bidding 7.9 billion euros ($10.2 billion) to buy a Spanish highway operating firm, the firms said on Monday.

Citi Infrastructure Partners is buying most of Itinere Infraestructuras from Sacyr Vallehermoso (ES:018287021: news, chart, profile) , a Spanish construction group eagerly trying to shed debt as the Spanish housing market weakens.

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Posted by boyang at December 1, 2008 4:44 AM