italy

Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary

May 3, 2017 03:11 PM | ACN

The Catalan company Abertis reached an agreement with the minority shareholders of its Italian subsidary, A4 Holdings, to buy an additional 22.52% of the business' assets. The group will pay a total amount of €125 million, €89 million by the end of July, 2017 and the final €36 million by the end of January, 2018. As a result of the transaction, Abertis will now control 85.36% of A4 Holding, reinforcing its growth strategy and, in particular, its business in Italy, an attractive market for the group. The company said in a press release that the deal “demonstrates Abertis' ability to grow internationally in an attractive way while maintaining its financial discipline”. The purchase also fits with its management strategy which, according to the company, “allows investments in assets it knows well and where it faces no competition, reducing its operational risk profile”.

Abertis to acquire 51.4% of two Italian motorways for €594 million

May 10, 2016 06:38 PM | ACN

Abertis, a multinational company specialised in the management of toll roads and telecommunications infrastructure based in Barcelona, announced on Tuesday that it is to acquire 51.4% of the A4 Brescia-Padua Italian motorway. Spanning 146 km and acting as an important connection between the North of Italy and Central Europe, the route sees a circulation of approximately 91,000 vehicles per day. Abertis has also acquired the Italian motorway A31, which enjoys a strategic position thanks to its potential in becoming the fastest and shortest route to Eastern Europe. The total amount of the acquisition is €594 million, to be paid by January 2023, except for €5 million which will be paid when the transaction is closed in the coming months; the acquisition may bring in revenue of around €610 million for the Catalan company. 

Joan Gamper Trophy is back, featuring FC Barcelona vs AS Roma

August 5, 2015 05:08 PM | David Gladwell

59 days after the celebrations for the historic treble achieved by the blaugranes last season, Camp Nou comes back to life after a summer hiatus with the visit of Italian side AS Roma for the traditional pre-season opening game at the stadium, the Joan Gamper Trophy. The clash with the Serie A club will mark the end of a pre-season which has taken Barça to Los Angeles, San Francisco, Washington DC and Florence. The first team will be presented to the fans before the game and a party atmosphere is guaranteed in the final test for Luis Enrique’s squad ahead of their attempt to claim the European and Spanish Super Cups. With the return of Claudio Bravo to training on Monday, Luis Enrique now has his entire first team squad back after the summer break, although Arda Turan and Douglas continue their respective recoveries from injury.

Catalonia to host summit of Mediterranean regions on humanitarian crisis in July

May 20, 2015 10:43 PM | ACN

The Catalan Government and the regional governments of Sicily and Provence are promoting a manifesto requesting the European Union to meet the challenge of the humanitarian crisis taking place at the Mediterranean Sea. ‘We are all Mediterranean’ aims to strengthen the commitment at regional level to face and solve this crisis, since the EU and the Member State governments “are not up to the challenge”. In addition, the Catalan Government also confirmed the organisation of a summit of Mediterranean regions to be held in July in Barcelona “to work together and see in which way the regions can give a more comprehensive answer” to the drama suffered by so many refugees crossing the sea on fragile boats. In Strasbourg, the Vice President of the Catalan Government, Joana Ortega, invited the President of the European Parliament, Martin Schulz, as well as those of Sicily, Provence-Alps-Cote d’Azur and Western Greece, Rosario Crocetta, Michel Vauzelle and Apostolos Katsifaras, and Lampedusa’s Mayor, Giusi Nicolini, to attend the summit.

Film Director Albert Serra, represents Catalonia at Venice Biennal with his new project 'Singularity'

May 8, 2015 09:47 PM | ACN

The Catalan film director Albert Serra, best known for his film 'Story of my Death' (winner of the Locarno International Film Festival, 2013) will present his latest project 'Singularity' commissioned for the fourth Catalan participation at the major, contemporary art exhibition Venice Biennale. The exhibition represents Catalonia in this 56th edition of the international exhibit, within the 'Collateral Events' section. The official opening of the event was held on Thursday and is part of an ongoing collaboration between the cinematographer and the curator of the project, Chus Martinez. Catalonia's participation at the Biennale is driven and coordinated by the Institut Ramon Llull (the public body promoting Catalan culture and language abroad), and this year has cost a total of 497, 000 euros.

Construction begins on Ferrari’s first theme park in Europe, expanding Catalan resort PortAventura

May 7, 2015 11:21 PM | ACN

Sebastian Vettel, Ferrari Formula One Team Driver, together with the President of the Catalan Government, Artur Mas, have set on Thursday the symbolic first stone of the company’s first theme park in Europe, which will be an expansion of PortAventura, the main amusement resort in Catalonia, located on the Costa Daurada and near Tarragona. Ferrari Land is expected to be ready by the end of 2016, after an initial investment of €100 million. It is likely to become PortAventura’s main attraction and is expected to make the Catalan holiday and amusement resort reach 5 million visitors per year. Once Ferrari Land is operational, it will employ about 150 people, in addition to PortAventura’s staff. The project also includes a 5-star hotel themed around the Ferrari brand, but this will be built during a second stage.

Abertis' telecommunications subsidiary to operate as Cellnex Telecom from 1 April

March 24, 2015 10:28 PM | ACN

Barcelona-based Abertis' telecommunications subsidiary, Abertis Telecom Terrestre, will operate as Cellnex Telecom, S.A. from 1 April, as approved by the company's Shareholder General Assembly on Tuesday. The new name and brand are part of the preparations for a potential stock market flotation, as announced last October in the context of Abertis' 2015-2017 Strategic Plan. However, neither the Catalan group's President Salvador Alemany, nor Vice President and CEO, Francisco Reynés, have set a precise date yet for its admission to trading, which will be announced during this year's first semester. The new company's slogan will be "driving telecom connectivity".

Catalonia's road bicycle tour Director: “Our competition is at the highest level of world cycling”

March 23, 2015 05:06 PM | Pau Rodríguez

The Tour of Catalonia, known as ‘La Volta’, was born in 1911 and is the 3rd oldest cycling competition in the world, just behind the Tour de France and the Giro d’Italia. Its Director, Rubèn Peris, is proud of the event and says that “‘La Volta’ is something bigger than a race” and is an ambassador for showing Catalonia to the rest of the world, included in the UCI World Tour calendar. From the 23rd to the 29th of March, this competition will hold its 95th edition with the presence of some of the best riders in the world such as Chris Froome, Joaquim ‘Purito’ Rodríguez and Alberto Contador. The CNA interviewed Peris a few days before the start of the race, which "has reached an extremely high level and which is always co-ordinated by amateurs", showing "how strong the associations’ network in Catalonia is".