ACS sells stake in Abertis to CVC
With a 15.5% stake in the Catalan infrastructure group Abertis, the private equity group CVC will become the company?s second largest shareholder
With a 15.5% stake in the Catalan infrastructure group Abertis, the private equity group CVC will become the company?s second largest shareholder
The two largest Abertis shareholders study the possibility of a leveraged buy-out through the investing firm CVC. The operation is worthy 25 billion euros, according to the Financial Times. La Caixa and ACS own 55% of Abertis.
The largest financial institution in Catalonia and the largest savings bank in Europe, La Caixa, agreed to merge with Caixa Girona. Yesterday evening, La Caixa?s board approved the merger with the medium sized Girona savings bank.
Catalan savings banks continue to restructure