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Abertis Infraestructuras SA (ABE.MC)

ABE.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Abertis starts formal process to extend concession contract in Argentina
Monday, 19 Jun 2017 02:50am EDT 

June 19 (Reuters) - ABERTIS INFRAESTRUCTURAS SA ::SAYS ITS UNIT GRUPO CONCESIONARIO DEL OESTE SA (GCO) AND NATIONAL ROAD AGENCY, UNDER THE TRANSPORTATION MINISTRY OF ARGENTINA, HAVE SIGNED A MEMORANDUM THAT FORMALLY INITIATES THE PROCESS TO EXTEND ITS CONCESSION CONTRACT UNTIL THE END OF 2030‍​.EXTENSION INVOLVES RECOGNITION OF PENDING REBALANCING AND $250 MILLION INVESTMENT PLAN TO IMPROVE CURRENT ROAD NETWORK.THE CLOSING OF RENEGOTIATION WILL SETTLE PREVIOUS COMPENSATION CLAIMS BETWEEN THE CONCESSIONAIRE, ITS SHAREHOLDERS AND THE GRANTING AUTHORITY.  Full Article

Spain's Criteria says will not weigh in on Atlantia offer until Abertis does
Thursday, 15 Jun 2017 12:33pm EDT 

June 15 (Reuters) - Abertis Infraestructuras Sa ::Spain's Criteria says will not comment on Atlantia's bid for Abertis until Abertis has its say.Criteria is a shareholder in Abertis.  Full Article

Atlantia chairman says price offered for Abertis judged as fair by markets
Tuesday, 13 Jun 2017 05:38am EDT 

June 13 (Reuters) - Atlantia Chairman Fabio Cerchiai tells journalists on the sidelines of an event in Milan::price offered for Spanish rival Abertis has been judged as fair by markets.  Full Article

Atlantia says Spain's mkt regulator could take months to give view on Abertis deal
Wednesday, 24 May 2017 07:00am EDT 

May 24 (Reuters) - Atlantia Chief Financial Officer Giancarlo Guenzi says: :company has until mid-June to present a prospectus on its planned takeover of Abertis to the Spanish market regulator.says Spanish regulator then usually takes 2-3 months to make a decision.  Full Article

Abertis to buy 33.69 pct of Hispasat from Eutelsat for 302 mln euros
Friday, 19 May 2017 02:51am EDT 

May 19 (Reuters) - ABERTIS INFRAESTRUCTURAS SA ::SAYS REACHED AGREEMENT WITH EUTELSAT TO ACQUIRE ITS 33.69 PCT STAKE IN HISPASAT FOR 302 MILLION EUROS.SAYS AS RESULT OF TRANSACTION WILL CONTROL 90.74 PCT OF HISPASAT.  Full Article

Atlantia CEO says no accord yet with Criteria on Abertis bid
Monday, 15 May 2017 07:11am EDT 

May 15 (Reuters) - Atlantia Chief Executive Giovanni Castellucci tells analysts call::Had intense contacts with Abertis's top shareholder Criteria before announcing bid.Will need to sell "for sure" 4 percent of Cellnex.Asked if there is an agreement with Criteria on the terms of the Abertis deal, says: "There is something different from an agreement".Would have said so if there was an agreement with Criteria .Price offered for Abertis is "good, right, it's not a test".  Full Article

Atlantia says financing package in Abertis deal 14.7 bln euros
Monday, 15 May 2017 06:43am EDT 

May 15 (Reuters) - Atlantia says in slides::Expects to close Abertis deal in Q4 2017.Sees Benetton family's Edizione holding company owning 25.5 percent of new group, Abertis shareholders 16.4 percent assuming a cash/stock mix consideration of 77/23 percent and take-up of 100 percent .Financing facilities in Abertis deal total 14.7 billion euros, including up to 2 billion euro "bridge to disposal" loan ahead of planned sale of Atlantia's minority stakes in ASPI, SAVE and ACA units.Abertis deal's total cash components range from 6.5 billion to 14.7 billion euros depending on take-up of tender offer.New group to have net debt/EBITDA ratio of 4.8 times in 2017 assuming combined 100 percent take-up of tender offer on Abertis.Sees potential for additional dividend per share growth of up to 30 pct from year one on top of current dividend policy .  Full Article

Abertis to buy additional 22.52 pct stake in A4 Holding for 125 mln euros
Wednesday, 3 May 2017 02:34am EDT 

May 3 (Reuters) - Abertis Infraestructuras SA ::Says has reached an agreement to acquire an additional 22.52 percent stake in A4 Holding from minority shareholders for a total 125 million euros ($136.5 million).Says this price represents a 10 percent discount versus the price agreed to acquire Abertis initial 51.4 percent stake and is therefore IRR accretive.Says 36 million euros will be paid by end January 2018 and rest by end July 2017.Says as a result of the transaction, Abertis will control 85.36 pct of A4 Holding.  Full Article

Abertis unit in Brazil wins 30-year concession
Wednesday, 26 Apr 2017 03:01am EDT 

April 26 (Reuters) - Abertis Infraestructuras SA ::Says its Brazilian unit Arteris has won a concession of Rodovias dos Calcados for a period of 30 years.Says 353 million euros ($385.7 million) to be paid upon signing of the contract and 65 million euros to be paid upon handover.The project includes an investment plan of about 1.5 billion euros.  Full Article

Abertis Q1 net profit 130 mln euros, below analysts' estimates
Wednesday, 26 Apr 2017 02:51am EDT 

April 26 (Reuters) - Abertis Infraestructuras SA ::Q1 net profit 130 million euros ($142.0 million) versus 147 million euros in Reuters poll.Q1 EBITDA 807 million euros versus 815 million euros in Reuters poll.Q1 revenue 1.28 billion euros versus 1.08 billion euros year ago.  Full Article

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