On Monday, October 29, Italy’s Atlantia and Spain’s ACS said they had completed a €16.5 billion (US$19 billion) acquisition of Abertis, in the last step of a long-running effort to build the world’s largest toll-road group, reported Reuters.
The announcement comes a few days after the death of Gilberto Benetton, a prominent member of the Italian family that controls Atlantia and was a strong supporter of the acquisition.
It also follows the collapse in August of a motorway bridge operated by Atlantia’s unit Autostrade per l’Italia, a disaster that exposed Atlantia to harsh criticism by the Italian government and risked jeopardizing the deal.
The Italian infrastructure group announced in a statement it had indirectly acquired 50% plus one share of Abertis.
Full Content: Reuters
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