Abertis

Abertis Infraestructuras, S.A.
Sociedad Anónima (BMAD: ABE)
Industry Conglomerate
Founded April 2003
Headquarters Barcelona, Spain
Key people
 Salvador Alemany (Chairman), Francisco Reynés (Vicechairman-CEO)
Products Motorway toll road concessions, television networks, transportation, telecommunications
Revenue €4,889 million (2014)[1]
€1,868 million (2014)[1]
Profit €655 million (2014)[1]
Number of employees
 16,500 (average, 2014)
Website www.abertis.com

Abertis Infraestructuras, S.A. (Spanish pronunciation: [aˈβertis imfɾaestɾukˈtuɾas]) is a Spanish conglomerate corporation. The company runs over 8,000 kilometres of motorways in Europe and America. Abertis manages toll roads and telecommunication infrastructures.

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

History

In April 2003, Acesa Infraestructures, a business founded in 1967 as Autopistas, Concesionaria 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.[2]

In December 2003, Abertis acquired Retevision, a leading Spanish radio and television distribution business.[3]

In June 2004, Abertis acquired Iberpistas, another Spanish toll road operator.[4]

In December 2005, Abertis acquired the French toll road operator Sanef.[5]

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.[6] Abertis intends to sell some of its stake in the company.[6]

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

In 2011 Metropistas, an Abertis subsidiary, won the concession for the PR-22 and PR-5 toll roads in Puerto Rico.[9]

In 2012, Abertis acquired Arteris, a Group managing nine toll road concessions in Brazil.[10]

Structure

Freeway management companies

Telecommunications companies

Others

References

  1. 1 2 3 "Annual Results 2014". Abertis. Retrieved 28 May 2015.
  2. ↑ History Archived November 28, 2016, at the Wayback Machine.
  3. ↑ Administrator's Notice regarding Retevision
  4. ↑ Abertis and Iberpista get merger process underway Archived February 15, 2016, at the Wayback Machine.
  5. ↑ "SANEF : Purchase of 75% of Sanef's capital by a consortium led by abertis : the best shareholders for Sanef's strategic plan". Market Wired. 14 December 2005. Retrieved 2015-05-28.
  6. 1 2 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.
  7. ↑ Nussbaum, Paul (May 20, 2008). "Spanish firm submits highest turnpike bid". The Philadelphia Inquirer. p. A01.
  8. ↑ Wright, Robert (September 30, 2008). "Consortium pulls out of $12.8bn turnpike deal". Financial Times. London.
  9. ↑ "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.
  10. ↑ "Abertis takes the high road to Brazil". FT. 18 September 2013. Retrieved 29 May 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.