Abertis

Abertis Infraestructuras, S.A.

Company type	S.A. (corporation)
Industry	Infrastructure
Founded	April 2003; 21 years ago (April 2003)
Headquarters	Madrid, Spain
Key people	Marcelino Fernández Verdes (Chairman), José Aljaro Navarro (CEO)
Products	Motorway toll road concessions
Revenue	€5,323 million (2017)[1]
Operating income	€2,058 million (2017)[1]
Net income	€1,291 million (2017)[1]
Number of employees	15,046 (2017)
Website	www.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

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

1. "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. "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. 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. "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.

External links

• Media related to Abertis at Wikimedia Commons
• Official website