The US equity fund Blackstone is engaged in negotiations to purchase almost 40% of the shares of the Málaga Metro.
The negotiations have apparently been ongoing for several months but no agreement has yet been reached.
The Junta de Andalucia currently holds a 23.69% stake in the Metro along with five companies led by FCC with a reported 25.32% share.
The Ministry of Development of the Junta de Andalucia has first refusal if shares are offered for sale but it is widely assumed that it will not exercise this right due to the poor state of the public finances.