Abertis

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Abertis Infraestructuras, S.A.
Sociedad Anónima (BMADABE)
Industry Conglomerate
Founded April 2003
Headquarters Barcelona, Spain
Key people
Salvador Alemany (Chairman), Francisco Reynés (Vicechairman-CEO)
Products Motorway toll road concessions, television networks, transportation, telecommunications
Revenue €4,889 million (2014)[1]
€1,868 million (2014)[1]
Profit €655 million (2014)[1]
Number of employees
16,500 (average, 2014)
Website www.abertis.com

Abertis Infraestructuras, S.A. (Spanish pronunciation: [aˈβertis imfɾaestɾukˈtuɾas]) is a Spanish conglomerate corporation. The company runs over 8,000 kilometres of motorways in Europe and America. Abertis manages toll roads and telecommunication infrastructures.

Abertis is part of the IBEX-35 index and is being traded on the Madrid Stock Exchange. Its headquarters are in Barcelona, Catalonia, Spain.

History

In April 2003, Acesa Infraestructures, a business founded in 1967 as Autopistas Conceionaria Española S.A., merged with Aurea Concessiones de Infraestructures, a business founded in 1971 as Autopistas de Mare Nostrum (into which Dragados had spun off its own toll roads), to form Abertis.[2]

In December 2003, Abertis acquired Retevision, a leading Spanish radio and television distribution business.[3]

In June 2004, Abertis acquired Iberpistas, another Spanish toll road operator.[4]

In December 2005, Abertis acquired the French toll road operator Sanef.[5]

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.[6] Abertis intends to sell some of its stake in the company.[6]

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.[7] However, the consortium withdrew the offer on September 30, 2008 as they felt the proposal would not win approval in the state legislature.[8]

In 2011 Metropistas, an Abertis subsidiary, won the concession for the PR-22 and PR-5 toll roads in Puerto Rico.[9]

In 2012, Abertis acquired Arteris, a Group managing nine toll road concessions in Brazil.[10]

Structure

Freeway management companies

  • Abertis Infraestructuras
    • Acesa
    • Aumar
    • Iberpistas
    • Aucat
    • Aulesa
    • Avasa
    • Autema
    • Sanef
    • Autopistas de Puerto Rico
    • Arteris
    • Invicat
    • Túnels
    • Metropistas
    • Coviandes
    • Ausol
    • GCO
    • Elqui
    • Rutas del Pacífico
    • Autopista Central
    • Autopista Los Libertadores
    • Autopista del Sol
    • Autopista de Los Andes

Telecommunications companies

Others

  • Abertis Foundation
  • Abertis Chairs

References

  1. 1.0 1.1 1.2 "Annual Results 2014". Abertis. Retrieved 28 May 2015. 
  2. Historical background
  3. Administrator's Notice regarding Retevision
  4. Abertis and Iberpista get merger process underway
  5. "SANEF : Purchase of 75% of Sanef's capital by a consortium led by abertis : the best shareholders for Sanef's strategic plan". Market Wired. 14 December 2005. Retrieved 2015-05-28. 
  6. 6.0 6.1 Barrett, Jane; O'Leary, Elisabeth (29 January 2008). "Abertis throws in towel on merger with Atlantia". Reuters. Archived from the original on 7 February 2008. Retrieved 2008-02-05. 
  7. Nussbaum, Paul (May 20, 2008). "Spanish firm submits highest turnpike bid". The Philadelphia Inquirer. p. A01. 
  8. Wright, Robert (September 30, 2008). "Consortium pulls out of $12.8bn turnpike deal". Financial Times. London. 
  9. "Puerto Rico selects the abertis/Goldman Sachs consortium as preferred bidder for a toll road concession". Abertis Newsroom. 21 June 2011. Retrieved 2015-05-28. 
  10. "Abertis takes the high road to Brazil". FT. 18 September 2013. Retrieved 29 May 2015. 

External links