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Abertis Infraestructuras SA Updates On Its Local Airport Unit’s Nationalization In Bolivia-Reuters


Friday, 13 Sep 2013 12:57pm EDT 

Reuters reported that Bolivia will not compensate Abertis Infraestructuras SA (Abertis) for the nationalization of its local airport unit SABSA in February 2013. The President of Bolivia, Evo Morales said that SABSA, which was put into private hands in the 1990s, had failed to fulfill investment commitments in the three international airports it ran. Abertis asked for USD 90 million in compensation. The Company had been negotiating a friendly agreement with Bolivia for months and it had suspended an arbitration, started before the nationalization, because the government's wouldn't let it hike airport charges. 

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16.725
0.375 +2.29%
21 Nov 2014