Atlantia And ACS To Shake Up Toll Road Industry

Italy’s Atlantia, SpA and Spain’s ACS, S.A. have set out to shake up the toll road industry. The two firms have turned from rivals to partners in a joint Euro $18.2-billion (US$22.7 billion) takeover bid of Spanish highway operator Abertis Infraestructuras, S.A. through a new portfolio vehicle.

As part of a complex binding investment agreement, still under discussion, the two firms said, after signing a preliminary agreement in Madrid, that they will pursue P3 highways and railway projects worldwide using Hochtief, the German-based arm of ACS, as a tool box. Atlantia will get 24% of Hochtief.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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