bid

Interviews 18th January 2022

“There Are Companies That Have Left Latin America Because Of Currency Risk. We Offer Hedging To Eliminate It”

Pablo Pardo (Washington) | Since October 2020, the largest development agency in the Americas, the Inter-American Development Bank (IDB) has had at its helm a person who grew up in Madrid, Mauricio Claver-Carone, the first American to head the institution. He was director for the Americas at the National Security Council during Donald Trump’s presidency. And Claver-Carone has set himself the goal of making Latin America accelerate its growth, making…

Ibex, Markets 15th March 2018

The ACS-Atlantia Agreement On Abertis Triggers Largest Shareholder La Caixa’s Departure

Criteria, La Caixa’s investment arm, and Abertis’ largest shareholder with 21.55%, will take up the offer launched by ACS, Hochtief and Atlantia and will sell the whole of its stake in the Spanish concessionaire.

Ibex, Markets 14th March 2018

ACS And Atlantia Will Share Control Of Abertis

So here is the final chapter in the story of the bid for Abertis: ACS and Atlantia have agreed to share management of the new company they will create to buy Abertis, in which they will each hold a 50% stake. Both companies want to keep the current management team. The chairman will be Spanish and Abertis’ HQ will be in Madrid.

ACS, Atlantia eye remaining stake in Abertis

Ibex, Markets 12th March 2018

CNMV Authorises Hochtief’s Bid For Abertis: €18.6 Bn (18,36 Euros/shr)

Spain’s Stock Market Watchdog (CNMV) has finally given its green ligth to the bid from Hochtief, a subsidiary of ACS, for Abertis. The authorisation comes after the news of the talks between ACS and Atlantia aimed at reaching an agreement to put an end to the “bidding war”.

Atlantia and ACS can become collaborators in the acquisition of Abertis

Ibex, Markets 9th March 2018

Atlantia And ACS: From Enemies In Abertis To Possible Collaborators In The Takeover Bid

Atlantia and ACS could cease to be rivals in their bid for Abertis and become collaborators in the acquisition. The two companies acknowledged they had had initial talks, as a result of which they would jointly buy Abertis and share out its assets.

Ibex, Markets 12th February 2018

ACS consolidates its position in North America with an €825M contract to build underground line in Canada

The consortium formed by ACS (with 24%), SNC Lavalin, Aecon, Pomerleau and EBC, has been chosen to design and build an automatic train (an underground train without a driver) for the metropolitan area in Montreal, Canada. The contract is worth 825 million euros.

Abertis to clarify Atlantia and Hispasat bids

Ibex, Markets 5th February 2018

A Key Week For Abertis: It Will Clarify The Processes Regarding Atlantia’s Bid And Hispasat

Spain’s Competition Authorities will decide tomorrow whether it will authorise ACS’s bid for Abertis (Atlantia’s offer is already approved). There is also the question of what will happen to Hispasat, a strategic asset for Spain, in which Abertis holds 91%.

Ibex, Markets 30th January 2018

Green light for Atlantia’s bid for Abertis: ‘meets requirements’

The Cabinet has approved the takeover bid for Abertis launched by Atlantia for the former’s toll motorways in Spain.

Ibex, Markets 15th December 2017

The Effective Launch Of The Existing Abertis’ Bids Will Be Delayed 2-3 mths

The effective launch of the bids for Abertis will be delayed 2-3 months if the CNMV revokes authorisation for Atlantia’s offer and it has to seek prior government approval.

Ibex, Markets 19th October 2017

ACS Counter-Bid For Abertis Beats All Expectations: Exceeds Atlantia’s At €18,76/Shr

ACS has launched a competing bid for Abertis, via Hochtief, at €18,76 per share. It fits in with our forecast scenario that ACS would offer a higher price than Atlantia (€16,50/share, combining cash and shares which cannot be sold before February 15 2019) in its counter-bid for the Spanish concessionaire.

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