Italian motorway and airports operator Atlantia is considering a tie-up with Spain’s Abertis by launching a tender offer. The transaction is valued at some 15-16 billion euros, taking into account the current market value of Abertis. The offer will be made partly in cash and partly in Atlantia shares, with the end result a merger between the two companies.
Abertis’ French subsidiary, Sanef, has reached an agreement with the French government to implement a new €147 million investment programme to modernise its network. It exchange, it has secured anual tariff hikes from 2019 to 2021.
BARCELONA| By Julia Pastor| In present Spain’s context of timid recovery, any positive sign in any sector is more than welcome. Abertis, the world’s largest toll road operator running more than 7,300 km, announced the country’s 2014 road traffic figures increased for the first time since 2008. The firm also forecasts a global spending of more than €1.3 bn in the current year. Yet Abertis partly reflects the Spain of bankrupcies and bail-outs. The company is major stakeholder of some recently collapsed motorways expected to be saved by the authorities.
MADRID | The sale includes Belfast International and Stockholm Skavsta airports, as well as the Orlando Sanford airport terminal concessions and TBI’s airport management business in the US.
Afi analysts issued today a simple but compelling chart showing Brazil is the main target of the more than €100-billion total exposure by Spain’s large companies in Latin America.
MADRID | Abertis said on Monday it had agreed to sell 7% of Eutelsat to China Investment Corporation (CIC) for €385.2 million. The transaction, which generated net…
By Julia Pastor, in Madrid | In spite of the many difficulties that Spanish construction companies find in the UK, these firms remain undeterred and…