abertis

Catalan company Abertis to become majority shareholder of the Spanish satellite operator Hispasat

July 25, 2013 09:40 PM | ACN

Barcelona-based telecommunications company has bought 16.42% of Hispasat, which added to its previous shares means that Abertis now controls 57.05% of the satellite operator. The Catalan company has bought the shares from the Spanish Ministry of Defence, paying €172.5 million.  The deal included €153.5million to buy the shares, as well as €19million more to take full control of the operator. The transaction now has to be approved by the Spanish Government and the competition regulation authorities. According to a press release by Abertis, the company pledges to “develop the full potential for growth and value” of the satellite operator. In total, Abertis has invested €475million to obtain its current stake in Hispasat. In 2013, Hispasat is expected to generate €200million in revenue and it has a strategic importance for Spain and Spanish-speaking countries.

Catalan multinational Abertis’ recurrent net profit increased by 2% and reached €613 million

February 19, 2013 11:29 PM | CNA

The highway, airport and telecommunication services management company earned a net profit of €1,024 million in 2012, 42% more than in the previous year, mainly thanks to the sales of Eutelsat and Brisa. The net profit without the surplus value reached €613 million, 2% more than in 2011. The Barcelona-based group presented better results in all of its main financials: revenues increased by 3%, recurrent earning before interest, taxes, depreciation and amortization (EBITDA) by 2%. Abertis emphasised that these results have been reached in a context of economic recession in some of its main markets. However, the traffic increase in the Americas (+4.5%) and Abertis’ efficiency plans compensated for the traffic decrease in southern Europe.

Barcelona-based Abertis believes Bolivia will pay “adequate compensation” after nationalising Sabsa

February 18, 2013 10:47 PM | CNA

The Catalan company Abertis, which owns 90% of Sabsa, denies the accusation stated by the President of Bolivia, Evo Morales, that they made a poor investment. Abertis emphasised that between 2005 and 2012, Sabsa invested $12.6 million, and paid $38.6 million to hold the airports and $9.4 million in taxes. However, Abertis accepts the nationalisation of its subsidiary company, which manages the international airports of La Paz, Santa Cruz and Cochabamba. Two other Spanish companies have been nationalised by Morales in the last 10 months. The Barcelona-based multinational believes that the nationalisation process will be “based on international law” and therefore it will receive fair compensation. On Monday, Morales announced the immediate nationalisation of Sabsa. The Spanish Government will review its relations with Bolivia.

The Catalan Government earns €310 million by privatising highway management services for 25 years

December 28, 2012 10:59 PM | CNA

On the 5th of December, the Catalan Executive allocated the tender to privatise the public companies Tabasa and Túnels del Cadí to the joint venture formed by Invicat (owned by Abertis) and the investment bank BTG Pactual. On Friday, the deal was completed and the Catalan Government earned €309.6 million, representing 72% of the total of the €430 million operation. In addition, the two public companies will effectively disappear. The concession will last for the next 25 years and the Catalan Government will continue to own the infrastructures but it will transfer the management and exploitation. The operation includes the tolls at the Vallvidrera highway tunnels accessing Barcelona and the Cadí tunnel, at Cerdanya County, in the Pyrenees.

The Paris Centre Pompidou is devoted to Salvador Dalí

November 21, 2012 12:04 AM | CNA

The French Arts Centre is organising one of the largest and most complete retrospective exhibitions on the Catalan artist. 33 years ago, when Dalí was still alive, the Centre Pompidou held a retrospective of his work. In the 2012 exhibition, which will run until the 25th of March 2013, it is claimed that Dalí is one of the most influential artists ever, who not only shaped surrealism but also pop art. The exhibition is full of masterpieces, such as the soft and melting pocket watches of The Persistence of Memory (1931), The Great Masturbator (1929) and Mae West’s room, shown in the Dalí museum in Figueres.

Abertis gets €250 million selling its shares in the Portuguese company Brisa

August 8, 2012 09:27 PM | CNA

The Catalan highway, transport and telecommunication management company Abertis has accepted Tagus’ takeover of its shares in Brisa, which represent 15.02% of the Portuguese highway company. Abertis now wants to focus on projects that represent added value for its global strategic action. In addition, two days ago, Abertis’ board ratified last April’s agreement to acquire 9 highway concessions from OHL in Brazil. With this operation, the Catalan company becomes the largest group in the world managing highways, with more than 7,000 kilometres worldwide.

Abertis to become world leader managing highways after integrating OHL’s business in Brazil and Chile

April 25, 2012 10:47 PM | CNA

The Barcelona-based multinational will manage more than 7,500 kilometres of toll highways worldwide and will increase the company’s annual turnover by €1 billion. The Catalan company Abertis will become the world’s leader in the highway management sector after adding OHL’s concessions in Brazil and Chile. In exchange, OHL would buy ACS’s shares in Abertis, which represent 10% of the Catalan company. The operation is not fully closed yet, pending to be approved by the respective boards, but it has already been officially announced.

Large business managers ask the Catalan President for further simplification of administrative procedures

April 16, 2011 06:42 PM | CNA / Patricia Mateos

They also asked for an improvement in vocational training and development of the Catalan economy’s internationalisation. The President of the Catalan Government, Artur Mas, met today at the ESADE Business School with 200 of the most important business people in Catalonia. Among others, the presidents and main directors of Abertis, La Caixa, Banc Sabadell, Seat or even FC Barcelona were present and Mas asked them to take the lead in the economic recovery.