Wikipedia

Abertis

Abertis Infraestructuras, S.A.(Spanish pronunciation:[aˈβeɾtisiɱfɾaestɾuɣˈtuɾas]) is a Spanish worldwide corporation engaged intoll roadmanagement. 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 byItaliancorporationMundysand Spanish firmACS Groupand theGermancompanyHochtief.[4]

Abertis Infraestructuras, S.A.
Company typeS.A. (corporation)
IndustryInfrastructure
FoundedApril 2003;21 years ago(April 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)
Websiteabertis

History

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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 whichDragadoshad spun off its own toll roads), to formAbertis.[5]

In December 2003, theAbertis GroupacquiredRetevision,a leadingSpanishradio and television distribution business;[6]in June 2004, it acquiredIberpistas,anotherSpanishtoll 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 InvestorsofNew York City,submitted a $12.8 billion proposal to lease thePennsylvania Turnpikein theU.S. stateofPennsylvaniafor 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 Soland Los Libertadores, also in Chile.[12]In 2016, Abertis entered Italy through the concessionaireA4 Holding.[15]The company also acquired 100% ofAutopista CentralinSantiago(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 intoAsiathrough the acquisition of two toll roads inIndia.[12]

In October 2018, it was acquired byItaliancorporationAtlantia,the Spanish firmACS Groupand the German companyHochtief.[4]

References

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  1. ^abc"Annual Results 2017".Abertis.Retrieved28 May2015.
  2. ^"BNamericas - Abertis Infraestructuras S.A. (Abertis)".BNamericas.Retrieved2023-01-20.
  3. ^"About Abertis - Leader group in toll road management".abertis.Retrieved2018-12-19.
  4. ^ab"Atlantia, ACS complete 16.5 billion euro acquisition of Spain's Abertis".reuters.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.ISSN1134-6582.Retrieved2018-12-13.
  6. ^ELPAIS.es; AGENCIAS (2003-06-19)."Abertis compra Retevisión Audiovisual por 423 millones de euros".El País(in Spanish).ISSN1134-6582.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".groupe.sanef.Retrieved2018-12-13.
  9. ^abBarrett, Jane; O'Leary, Elisabeth (29 January 2008)."Abertis throws in towel on merger with Atlantia".Reuters.Archivedfrom 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".abertis.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 originalon 2021-07-11.Retrieved2015-05-28.
  14. ^"Abertis takes the high road to Brazil".FT. 18 September 2013.Archivedfrom the original on 11 December 2022.Retrieved29 May2015.
  15. ^"Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary".Catalan News. 3 May 2017.Retrieved28 December2018.
  16. ^"Abertis buys up Autopista Central for US$1 billion".Latin Lawyer. 26 January 2016.Retrieved28 December2018.
  17. ^"emovis signs a two-year extension for the operation of Ireland's M50 toll road".Nasdaq. 15 October 2018.Retrieved2018-12-28.
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