abertis

Abertis Infraestructuras, S.A.
Sociedad Anónima (BMAD: ABE)
Industry Conglomerate
Founded April 2003
Headquarters Barcelona, Spain
Key people
 Salvador Alemany (Chairman), Francisco Reynés (CEO)
Products Motorway toll road concessions, airport management, television networks, transportation, logistics, telecommunications
Revenue €4.654 billion (2013)[1]
€1.721 billion (2013)[1]
Profit €0.617 billion (2013)[1]
Number of employees
 17,000 (average, 2013)
Website www.abertis.com

Abertis Infraestructuras, S.A. (Spanish pronunciation: [aˈβertis imfɾaestɾukˈtuɾas]) is a Spanish conglomerate corporation. The company runs 6,713 kilometres of motorways in Europe and operates more than a dozen airports in cities including London, Stockholm and Orlando. Abertis manages toll roads and parking garages, is owner of various television and radio transmission networks as well as of the concessionaire of London Luton Airport.

Abertis is part of the IBEX-35 index and is being traded on the Bolsa de Madrid. Its headquarters are in Barcelona, Catalonia, Spain.

Some 26% of the shares are owned by Grupo ACS, with Criteria CaixaCorp holding almost 29%.[2]

History

In April 2003, Acesa Infraestructures, a business founded in 1967 as Autopistas Conceionaria Española S.A., merged with Aurea Concessiones de Infraestructures, a business founded in 1971 as Autopistas de Mare Nostrum (into which Dragados had spun off its own toll roads), to form Abertis.[3]

In December 2003, Abertis acquired Retevision, a leading Spanish radio and television distribution business.[4]

In June 2004, Abertis acquired Iberpistas, another Spanish toll road operator.[5]

In January 2005, Abertis acquired TBI plc, a British airport operator.[6]

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.[7] Abertis intends to sell some of its stake in the company.[7]

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.[8] However, the consortium withdrew the offer on September 30, 2008 as they felt the proposal would not win approval in the state legislature.[9]

Structure

Freeway management companies

Telecommunications companies

Airports management

Parkings management

Logistics

Others

References

  1. ↑ 1.0 1.1 1.2 "Annual Results 2013". Abertis. Retrieved 22 April 2014.
  2. ↑ Shareholder information
  3. ↑ Historical background
  4. ↑ Administrator's Notice regarding Retevision
  5. ↑ Abertis and Iberpista get merger process underway
  6. ↑ TBI agrees Spanish takeover
  7. ↑ 7.0 7.1 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.
  8. ↑ Nussbaum, Paul (May 20, 2008). "Spanish firm submits highest turnpike bid". The Philadelphia Inquirer. p. A01.
  9. ↑ Wright, Robert (September 30, 2008). "Consortium pulls out of $12.8bn turnpike deal". Financial Times (London).

External links