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Abertis buys Colonial properties for 202 mln euros

MADRID, Dec 31 (Reuters) - Spanish infrastructure firm Abertis ABE.MC said on Monday it had agreed to pay 201.6 million euros ($296.7 million) for logistics facilities owned by real estate company Colonial COL.MC.

The purchase follows an almost 40 percent fall in Colonial’s stock price late last week, and the resignation of its chairman last week, amid fears one of Spain’s largest real estate firms faced problems at the end of a real estate boom.

Reporting by Andrew Hay; Editing by Rory Channing

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