Abertis

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Abertis Infraestructuras, S.A.
TypeS.A. (corporation)
IndustryInfrastructure
FoundedApril 2003
HeadquartersMadrid, Spain
Key people
Marcelino Fernández Verdes (Chairman), José Aljaro Navarro (CEO)
ProductsMotorway toll road concessions
Revenue€5,323 million (2017)[1]
€2,058 million (2017)[1]
€1,291 million (2017)[1]
Number of employees
15,046 (2017)
Websitewww.abertis.com

Abertis Infraestructuras, S.A. (Spanish pronunciation: [aˈβeɾtis imfɾaestɾukˈtuɾas]) is a Spanish worldwide leader corporation in toll road management. Even though most of the toll roads it operates in Spain are in Catalonia, the company is headquartered in Madrid. The company runs over 8,600 kilometres of toll roads in the world.[2] In October 2018 it was acquired by Italian corporation Atlantia and Spanish firm ACS Group and the German company Hochtief.[3]

History[]

In April 2003, Acesa Infraestructures, a business founded in 1967 as Autopistas, Concesionaria Española S.A., merged with Aurea Concesiones de Infraestructuras, a business founded in 1971 as Autopistas de Mare Nostrum (into which Dragados had spun off its own toll roads), to form Abertis.[4]

In December 2003, the Abertis Group acquired Retevision, a leading Spanish radio and television distribution business.[5]

In June 2004, Abertis acquired Iberpistas, another Spanish toll road operator.[6]

In December 2005, Abertis acquired the French toll road operator Sanef.[7]

An attempt initiated in April 2006 to acquire Atlantia (formerly Autostrade), the leading Italian toll road operator, was aborted in January 2008 after opposition from the Italian Government.[8] Abertis intends to sell some of its stake in the company.[8]

On May 19, 2008, Abertis, along with Citi Infrastructure Investors of New York City, submitted a $12.8 billion proposal to lease the Pennsylvania Turnpike in the U.S. state of Pennsylvania for 75 years.[9] However, the consortium withdrew the offer on September 30, 2008 as they felt the proposal would not win approval in the state legislature.[10]

In 2009, Abertis got control of AP-68 concessionaire Avasa (Spain), and of Elqui and Rutas del Pacífico (Chile).[11]

In 2011 Metropistas, an Abertis subsidiary, won the concession for the PR-22 and PR-5 toll roads in Puerto Rico.[12]

In 2012, Abertis acquired Arteris, a Group managing nine toll road concessions in Brazil[13] and integrated additional three new toll roads in Chile.[11]

In 2015, the company took over Autopista del Sol and Los Libertadores, also in Chile.[11]

In 2016, Abertis entered Italy through the concessionaire A4 Holding.[14] The company also acquired 100% of Autopista Central in Santiago (Chile).[15] In the same year, Abertis created Emovis, a subsidiary dedicated to the development and management of technology and information services to offer electronic toll solutions and intelligent mobility.[16]

In 2017, the Abertis Group entered into Asia through the acquisition of two toll roads in India.[11]

In October 2018 it was acquired by Italian corporation Atlantia, the Spanish firm ACS Group and the German company Hochtief.[3]

References[]

  1. ^ Jump up to: a b c "Annual Results 2017". Abertis. Retrieved 28 May 2015.
  2. ^ "About Abertis - Leader group in toll road management". www.abertis.com. Retrieved 2018-12-19.
  3. ^ Jump up to: a b "Atlantia, ACS complete 16.5 billion euro acquisition of Spain's Abertis". www.reuters.com. Retrieved 2018-12-31.
  4. ^ País, Ediciones El (2002-12-20). "Acesa y Áurea crean Abertis, el nuevo gigante de las autopistas con sede en Barcelona". El País (in Spanish). ISSN 1134-6582. Retrieved 2018-12-13.
  5. ^ ELPAIS.es; AGENCIAS (2003-06-19). "Abertis compra Retevisión Audiovisual por 423 millones de euros". El País (in Spanish). ISSN 1134-6582. Retrieved 2018-12-13.
  6. ^ DÍAS, CINCO (2004-01-28). "Abertis absorbe el 100% del capital de Iberpistas". Cinco Días (in Spanish). Retrieved 2018-12-13.
  7. ^ "Abertis | Sanef". www.groupe.sanef.com. Retrieved 2018-12-13.
  8. ^ Jump up to: a b Barrett, Jane; O'Leary, Elisabeth (29 January 2008). "Abertis throws in towel on merger with Atlantia". Reuters. Archived from the original on 7 February 2008. Retrieved 2008-02-05.
  9. ^ Nussbaum, Paul (May 20, 2008). "Spanish firm submits highest turnpike bid". The Philadelphia Inquirer. p. A01.
  10. ^ Wright, Robert (September 30, 2008). "Consortium pulls out of $12.8bn turnpike deal". Financial Times. London.
  11. ^ Jump up to: a b c d "History of Abertis". www.abertis.com. Retrieved 2018-12-13.
  12. ^ "Puerto Rico selects the abertis/Goldman Sachs consortium as preferred bidder for a toll road concession". Abertis Newsroom. 21 June 2011. Retrieved 2015-05-28.
  13. ^ "Abertis takes the high road to Brazil". FT. 18 September 2013. Retrieved 29 May 2015.
  14. ^ "Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary". Catalan News. 3 May 2017. Retrieved 28 December 2018.
  15. ^ "Abertis buys up Autopista Central for US$1 billion". Latin Lawyer. 26 January 2016. Retrieved 28 December 2018.
  16. ^ "emovis signs a two-year extension for the operation of Ireland's M50 toll road". Nasdaq. 15 October 2018. Retrieved 2018-12-28.

External links[]

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