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Abertis

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)
Websitewww.abertis.com

Abertis Infraestructuras, S.A. (Spanish pronunciation: [aˈβeɾtis iɱfɾaestɾuɣˈtuɾas]) is a Spanish worldwide corporation engaged in toll road management. The company is headquartered in Madrid.[2] The company runs over 8,600 kilometres of toll roads in the world.[3] In October 2018, it was acquired by Italian corporation Mundys and Spanish firm ACS Group and the German company Hochtief.[4]

History

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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.[5]

In December 2003, the Abertis Group acquired Retevision, a leading Spanish radio and television distribution business;[6] in June 2004, it acquired Iberpistas, another Spanish toll road operator.[7] In December 2005, it acquired the French toll road operator Sanef.[8]

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.[9] Abertis then planned to sell some of its stake in the company.[9]

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.[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 in Puerto Rico.[13] In 2012, Abertis acquired Arteris, a Group managing nine toll road concessions in Brazil[14] and integrated additional three new toll roads in Chile.[12] In 2015, the company took over Autopista del Sol and Los Libertadores, also in Chile.[12] In 2016, Abertis entered Italy through the concessionaire A4 Holding.[15] The company also acquired 100% of Autopista Central in Santiago (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 into Asia through the acquisition of two toll roads in India.[12]

In October 2018, it was acquired by Italian corporation Atlantia, the Spanish firm ACS Group and the German company Hochtief.[4]

References

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  1. ^ a b c "Annual Results 2017". Abertis. Retrieved 28 May 2015.
  2. ^ "BNamericas - Abertis Infraestructuras S.A. (Abertis)". BNamericas.com. Retrieved 2023-01-20.
  3. ^ "About Abertis - Leader group in toll road management". www.abertis.com. Retrieved 2018-12-19.
  4. ^ a b "Atlantia, ACS complete 16.5 billion euro acquisition of Spain's Abertis". www.reuters.com. Retrieved 2018-12-31.
  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. Retrieved 2018-12-13.
  6. ^ ELPAIS.es; AGENCIAS (2003-06-19). "Abertis compra Retevisión Audiovisual por 423 millones de euros". El País (in Spanish). ISSN 1134-6582. Retrieved 2018-12-13.
  7. ^ DÍAS, CINCO (2004-01-28). "Abertis absorbe el 100% del capital de Iberpistas". Cinco Días (in Spanish). Retrieved 2018-12-13.
  8. ^ "Abertis | Sanef". www.groupe.sanef.com. Retrieved 2018-12-13.
  9. ^ 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.
  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. ^ a b c d "History of Abertis". www.abertis.com. Retrieved 2018-12-13.
  13. ^ "Puerto Rico selects the abertis/Goldman Sachs consortium as preferred bidder for a toll road concession". Abertis Newsroom. 21 June 2011. Archived from the original on 2021-07-11. Retrieved 2015-05-28.
  14. ^ "Abertis takes the high road to Brazil". FT. 18 September 2013. Archived from the original on 11 December 2022. Retrieved 29 May 2015.
  15. ^ "Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary". Catalan News. 3 May 2017. Retrieved 28 December 2018.
  16. ^ "Abertis buys up Autopista Central for US$1 billion". Latin Lawyer. 26 January 2016. Retrieved 28 December 2018.
  17. ^ "emovis signs a two-year extension for the operation of Ireland's M50 toll road". Nasdaq. 15 October 2018. Retrieved 2018-12-28.
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