Abertis

Abertis Infraestructuras, S.A. is a Spanish worldwide corporation engaged in toll road management. The company is headquartered in Madrid.[2] The company runs over 8,600 kilometres of toll roads in the world.[3] In October 2018, it was acquired by Italian corporation Mundys and Spanish firm ACS Group and the German company Hochtief.[4]

History

In April 2003, Acesa Infraestructures, a business founded in 1967 as Autopistas, Concesionaria Española S.A., merged with Aurea Concesiones de Infraestructuras, a business founded in 1971 as Autopistas de Mare Nostrum (into which Dragados had spun off its own toll roads), to form Abertis.[5]

In December 2003, the Abertis Group acquired Retevision, a leading Spanish radio and television distribution business;[6] in June 2004, it acquired Iberpistas, another Spanish toll road operator.[7] In December 2005, it acquired the French toll road operator Sanef.[8]

An attempt initiated in April 2006, to acquire Atlantia (formerly Autostrade), the leading Italian toll road operator, was aborted in January 2008, after opposition from the Italian Government.[4] Abertis then planned to sell some of its stake in the company.[4]

On May 19, 2008, Abertis, along with Citi Infrastructure Investors of New York City, submitted a $12.8 billion proposal to lease the Pennsylvania Turnpike in the U.S. state of Pennsylvania for 75 years.[9] However, the consortium withdrew the offer on September 30, 2008 as they felt the proposal would not win approval in the state legislature.[10]

In 2009, Abertis got control of AP-68 concessionaire Avasa (Spain), and of Elqui and Rutas del Pacífico (Chile).[11] In 2011, Metropistas, an Abertis subsidiary, won the concession for the PR-22 and PR-5 toll roads in Puerto Rico.[12] In 2012, Abertis acquired Arteris, a Group managing nine toll road concessions in Brazil[13] and integrated additional three new toll roads in Chile.[11] In 2015, the company took over Autopista del Sol and Los Libertadores, also in Chile.[11] In 2016, Abertis entered Italy through the concessionaire A4 Holding.[14] The company also acquired 100% of Autopista Central in Santiago (Chile).[15] In the same year, the firm created Emovis, a subsidiary for development and management of technology and information services to offer electronic toll solutions and intelligent mobility.[16]

In 2017, the Abertis Group entered into Asia through the acquisition of two toll roads in India.[11]

In October 2018, it was acquired by Italian corporation Atlantia, the Spanish firm ACS Group and the German company Hochtief.[4]

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