Atlantia's Abertis to Sell France Highway-Operator Stake in EUR222 Million Deal
26 August 2021 - 5:15PM
Dow Jones News
By Joshua Kirby
Atlantia SpA said Thursday that its Spanish arm Abertis has
reached an agreement to sell its entire 35% stake in French highway
company A'lienor, operator of the Autoroute de Gascogne.
The Italian infrastructure company said that Abertis subsidiary
Sanef will sell the stake to A'lienor principal shareholder Eiffage
SA, along with a 100% stake in Sanef Aquitaine, the operator's
maintenance business, for a total of around 222 million euros ($261
million). The deal follows Eiffage's decision to exercise
pre-emption rights over A'lienor and is expected to close by the
end of the year, subject to relevant authorizations, Atlantia
said.
The agreement is in line with Abertis's strategy to focus on
growth in controlled assets and dispose of minority ones, Atlantia
said.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
August 26, 2021 03:14 ET (07:14 GMT)
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