Abertis#Structure
{{Short description|Spanish conglomerate corporation}}
{{Infobox company
| name = Abertis Infraestructuras, S.A.
| logo = Abertis.svg
| type = Private
| foundation = {{start date and age|2003|04}}
| location = Madrid, Spain
| key_people = {{ubl
|Marcelino Fernández Verdes (chairman)
|José Aljaro Navarro (CEO)
}}
| industry = Infrastructure
| products = Motorway toll road concessions
| revenue = €5,323 million (2017){{cite web
|title=Annual Results 2017 |url=https://www.abertis.com/en/press-room/press-releases/970|publisher=Abertis |accessdate=28 May 2015}}
| operating_income = €2,058 million (2017)
| net_income = €1,291 million (2017)
| assets =
| equity =
| owner = {{ubl|Mundys|ACS Group|Hochtief}}
| num_employees = 15,046 (2017)
| homepage = {{url|http://www.abertis.com/var/lang/en|www.abertis.com}}
}}
Abertis Infraestructuras, S.A. ({{IPA|es|aˈβeɾtis iɱfɾaestɾuɣˈtuɾas}}) is a Spanish worldwide corporation engaged in toll road management. The company is headquartered in Madrid.{{Cite web |title=BNamericas - Abertis Infraestructuras S.A. (Abertis) |url=https://www.bnamericas.com/en/company-profile/abertis-infraestructuras-sa |access-date=2023-01-20 |website=BNamericas.com |language=en}} The company runs over 8,600 kilometres of toll roads in the world.{{Cite web|url=https://www.abertis.com/en/the-group/about-abertis|title=About Abertis - Leader group in toll road management|website=www.abertis.com|access-date=2018-12-19}} In October 2018, it was acquired by Italian corporation Mundys and Spanish firm ACS Group and the German company Hochtief.{{Cite web|url=https://www.reuters.com/article/us-abertis-m-a-atlantia-acs/atlantia-acs-complete-16-5-billion-euro-acquisition-of-abertis-idUSKCN1N30WC|title=Atlantia, ACS complete 16.5 billion euro acquisition of Spain's Abertis|website=www.reuters.com|date=29 October 2018 |access-date=2018-12-31}}
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.{{Cite news|url=https://elpais.com/diario/2002/12/20/economia/1040338809_850215.html|title=Acesa y Áurea crean Abertis, el nuevo gigante de las autopistas con sede en Barcelona|date=2002-12-20|work=El País|access-date=2018-12-13|language=es|issn=1134-6582}}
In December 2003, the Abertis Group acquired Retevision, a leading Spanish radio and television distribution business;{{Cite news|url=https://elpais.com/economia/2003/06/19/actualidad/1056007976_850215.html|title=Abertis compra Retevisión Audiovisual por 423 millones de euros|last1=ELPAIS.es|date=2003-06-19|work=El País|access-date=2018-12-13|last2=AGENCIAS|language=es|issn=1134-6582}} in June 2004, it acquired Iberpistas, another Spanish toll road operator.{{Cite web|url=https://cincodias.elpais.com/cincodias/2004/01/28/empresas/1075300786_850215.html|title=Abertis absorbe el 100% del capital de Iberpistas|last=DÍAS|first=CINCO|date=2004-01-28|website=Cinco Días|language=es|access-date=2018-12-13}} In December 2005, it acquired the French toll road operator Sanef.{{Cite web|url=https://www.groupe.sanef.com/en/know-us/abertis|title=Abertis {{!}} Sanef|website=www.groupe.sanef.com|access-date=2018-12-13}}
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.{{cite news
|title=Abertis throws in towel on merger with Atlantia
|url=https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSL2924220420080129
|last=Barrett
|first=Jane
|author2=O'Leary, Elisabeth
|publisher=Reuters
|date=29 January 2008
|accessdate=2008-02-05| archiveurl= https://web.archive.org/web/20080207022732/https://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSL2924220420080129| archivedate= 7 February 2008 | url-status= live}} Abertis then planned to sell some of its stake in the company.
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.{{cite news|last=Nussbaum|first=Paul|title=Spanish firm submits highest turnpike bid|work=The Philadelphia Inquirer|date=May 20, 2008|page=A01}} However, the consortium withdrew the offer on September 30, 2008 as they felt the proposal would not win approval in the state legislature.{{cite news|last=Wright|first=Robert|title=Consortium pulls out of $12.8bn turnpike deal|work=Financial Times|location=London|date=September 30, 2008}}
In 2009, Abertis got control of AP-68 concessionaire Avasa (Spain), and of Elqui and Rutas del Pacífico (Chile).{{Cite web|url=https://www.abertis.com/en/the-group/about-abertis/history|title=History of Abertis|website=www.abertis.com|access-date=2018-12-13}} In 2011, Metropistas, an Abertis subsidiary, won the concession for the PR-22 and PR-5 toll roads in Puerto Rico.{{cite news
|title=Puerto Rico selects the abertis/Goldman Sachs consortium as preferred bidder for a toll road concession
|url=http://www.abertis.com/en/press-room/press-releases/657
|publisher=Abertis Newsroom
|date=21 June 2011
|accessdate=2015-05-28
|url-status=dead
|archive-date=2021-07-11
|archive-url=https://web.archive.org/web/20210711193854/https://www.abertis.com/en/press-room/press-releases/657
}} In 2012, Abertis acquired Arteris, a Group managing nine toll road concessions in Brazil{{cite web|url=http://www.ft.com/cms/s/0/d67bb27a-1fa4-11e3-aa36-00144feab7de.html|archive-url=https://ghostarchive.org/archive/20221211221250/https://www.ft.com/content/d67bb27a-1fa4-11e3-aa36-00144feab7de|archive-date=11 December 2022|url-access=subscription|url-status=live|title=Abertis takes the high road to Brazil|date=18 September 2013|publisher=FT|accessdate=29 May 2015}} and integrated additional three new toll roads in Chile. In 2015, the company took over Autopista del Sol and Los Libertadores, also in Chile. In 2016, Abertis entered Italy through the concessionaire A4 Holding.{{cite web|url=http://www.catalannews.com/business/item/abertis-invests-125-million-in-a4-holding-and-now-controls-85-of-its-italian-subsidiary|title=Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary|date=3 May 2017|publisher=Catalan News|accessdate=28 December 2018}} The company also acquired 100% of Autopista Central in Santiago (Chile).{{cite web|url=https://latinlawyer.com/article/1097953/abertis-buys-up-autopista-central-for-ususd1-billion|title=Abertis buys up Autopista Central for US$1 billion|date=26 January 2016|publisher=Latin Lawyer|accessdate=28 December 2018}} 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.{{Cite web|url=https://www.nasdaq.com/press-release/emovis-signs-a-twoyear-extension-for-the-operation-of-irelands-m50-toll-road-20181015-00706|title=emovis signs a two-year extension for the operation of Ireland's M50 toll road|date=15 October 2018|publisher=Nasdaq|access-date=2018-12-28}}
In 2017, the Abertis Group entered into Asia through the acquisition of two toll roads in India.
In October 2018, it was acquired by Italian corporation Atlantia, the Spanish firm ACS Group and the German company Hochtief.
References
{{Reflist}}
External links
- {{Commons category-inline}}
- {{Official website|https://www.abertis.com}}
{{Authority control}}
Category:Companies based in Barcelona
Category:Conglomerate companies established in 2003
Category:Construction and civil engineering companies of Spain
Category:Conglomerate companies of Spain
Category:Multinational companies headquartered in Spain
Category:Private road operators
Category:Telecommunications companies of Spain
Category:Transport companies of Spain
Category:Companies formerly listed on the Madrid Stock Exchange
Category:Construction and civil engineering companies established in 2003