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Autopistas del Sol SA (AUS.BA)

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Latest Key Developments (Source: Significant Developments)

Abertis to extend contract with National Road Agency in Argentina
Monday, 21 Aug 2017 02:33am EDT 

Aug 21 (Reuters) - ABERTIS INFRAESTRUCTURAS SA ::SAYS HAS SIGNED MEMORANDUM THAT FORMALLY INITIATES PROCESS TO EXTEND ITS CONCESSION CONTRACT WITH NATIONAL ROAD AGENCY.EXTENSION INVOLVES ADDITIONAL $430 MILLION INVESTMENT PLAN TO IMPROVE CURRENT ROAD NETWORK UNTIL THE END OF 2030.CLOSING OF RENEGOTIATION WILL SETTLE COMPENSATION CLAIMS BETWEEN THE CONCESSIONAIRE, ITS SHAREHOLDERS AND GRANTING AUTHORITY.  Full Article