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Abertis

From Wikipedia, the free encyclopedia
Spanish conglomerate corporation
Abertis Infraestructuras, S.A.
Company typePrivate
IndustryInfrastructure
FoundedApril 2003; 22 years ago (2003-04)
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]
Owner
  • Mundys
  • ACS Group
  • Hochtief
Number of employees
15,046(2017)
Websitewww.abertis.com

Abertis Infraestructuras, S.A. (Spanish pronunciation:[aˈβeɾtisiɱfɾaestɾuɣˈtuɾas]) is a Spanish worldwide corporation engaged intoll road management. The company is headquartered inMadrid.[2] The company runs over 8,600 kilometres of toll roads in the world.[3] In October 2018, it was acquired by Italian corporationMundys and Spanish firmACS Group and the German companyHochtief.[4]

History

[edit]

In April 2003,Acesa Infraestructures, a business founded in 1967 asAutopistas, Concesionaria Española S.A., merged withAurea Concesiones de Infraestructuras, a business founded in 1971 asAutopistas de Mare Nostrum (into whichDragados had spun off its own toll roads), to formAbertis.[5]

In December 2003, theAbertis Group acquiredRetevision, a leadingSpanish radio and television distribution business;[6] in June 2004, it acquiredIberpistas, anotherSpanish toll road operator.[7] In December 2005, it acquired the French toll road operatorSanef.[8]

An attempt initiated in April 2006, to acquireAtlantia (formerly Autostrade), the leading Italian toll road operator, was aborted in January 2008, after opposition from theItalian Government.[9] Abertis then planned to sell some of its stake in the company.[9]

On May 19, 2008, Abertis, along withCiti Infrastructure Investors ofNew York City, submitted a $12.8 billion proposal to lease thePennsylvania Turnpike in theU.S. state ofPennsylvania for 75 years.[10] However, the consortium withdrew the offer on September 30, 2008 as they felt the proposal would not win approval in the state legislature.[11]

In 2009, Abertis got control of AP-68 concessionaire Avasa (Spain), and of Elqui and Rutas del Pacífico (Chile).[12] In 2011,Metropistas, an Abertis subsidiary, won the concession for the PR-22 and PR-5 toll roads inPuerto Rico.[13] In 2012, Abertis acquiredArteris, a Group managing nine toll road concessions inBrazil[14] and integrated additional three new toll roads inChile.[12] In 2015, the company took overAutopista del Sol and Los Libertadores, also in Chile.[12] In 2016, Abertis entered Italy through the concessionaireA4 Holding.[15] The company also acquired 100% ofAutopista Central inSantiago (Chile).[16] In the same year, the firm created Emovis, a subsidiary for development and management of technology and information services to offer electronic toll solutions and intelligent mobility.[17]

In 2017, the Abertis Group entered intoAsia through the acquisition of two toll roads inIndia.[12]

In October 2018, it was acquired byItalian corporationAtlantia, the Spanish firmACS Group and the German companyHochtief.[4]

References

[edit]
  1. ^abc"Annual Results 2017". Abertis. Archived fromthe original on 17 December 2018. Retrieved28 May 2015.
  2. ^"BNamericas - Abertis Infraestructuras S.A. (Abertis)".BNamericas.com. Retrieved2023-01-20.
  3. ^"About Abertis - Leader group in toll road management".www.abertis.com. Retrieved2018-12-19.
  4. ^ab"Atlantia, ACS complete 16.5 billion euro acquisition of Spain's Abertis".www.reuters.com. 29 October 2018. Retrieved2018-12-31.
  5. ^"Acesa y Áurea crean Abertis, el nuevo gigante de las autopistas con sede en Barcelona".El País (in Spanish). 2002-12-20.ISSN 1134-6582. Retrieved2018-12-13.
  6. ^ELPAIS.es; AGENCIAS (2003-06-19)."Abertis compra Retevisión Audiovisual por 423 millones de euros".El País (in Spanish).ISSN 1134-6582. Retrieved2018-12-13.
  7. ^DÍAS, CINCO (2004-01-28)."Abertis absorbe el 100% del capital de Iberpistas".Cinco Días (in Spanish). Retrieved2018-12-13.
  8. ^"Abertis | Sanef".www.groupe.sanef.com. Retrieved2018-12-13.
  9. ^abBarrett, Jane; O'Leary, Elisabeth (29 January 2008)."Abertis throws in towel on merger with Atlantia".Reuters.Archived from the original on 7 February 2008. Retrieved2008-02-05.
  10. ^Nussbaum, Paul (May 20, 2008). "Spanish firm submits highest turnpike bid".The Philadelphia Inquirer. p. A01.
  11. ^Wright, Robert (September 30, 2008). "Consortium pulls out of $12.8bn turnpike deal".Financial Times. London.
  12. ^abcd"History of Abertis".www.abertis.com. Retrieved2018-12-13.
  13. ^"Puerto Rico selects the abertis/Goldman Sachs consortium as preferred bidder for a toll road concession". Abertis Newsroom. 21 June 2011. Archived fromthe original on 2021-07-11. Retrieved2015-05-28.
  14. ^"Abertis takes the high road to Brazil". FT. 18 September 2013.Archived from the original on 11 December 2022. Retrieved29 May 2015.
  15. ^"Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary". Catalan News. 3 May 2017. Retrieved28 December 2018.
  16. ^"Abertis buys up Autopista Central for US$1 billion". Latin Lawyer. 26 January 2016. Retrieved28 December 2018.
  17. ^"emovis signs a two-year extension for the operation of Ireland's M50 toll road". Nasdaq. 15 October 2018. Retrieved2018-12-28.

External links

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