road

Italian Atlantia launches €16.3bn bid to buy Abertis

May 15, 2017 12:01 PM | ACN

Atlantia announced its decision on Monday to launch a tender offer on the entire share capital of Catalan company Abertis. A deal between both companies would create the largest toll road operator in Europe and one of the leading ones in the world. Italy’s Atlantia offer would pay €16.50 a share and also includes another option in case shareholders decide to own stakes in the combined group: in that case, the exchange ratio would be set at 0.697 shares of Atlantia for each Abertis share tendered up to a maximum of 23.2% of the total offer. “We have worked to design an offer that is friendly and attractive for all shareholders, stakeholders, and the management of both companies,” said the Atlantia’s CEO, Giovanni Castellucci.

International Logistics and Material Handling Exhibition kicks off in Barcelona with 550 firms

June 9, 2015 10:13 PM | ACN

The 17th edition of the annual International Logistics and Material Handling Exhibition (SIL) kicked off on Tuesday in Barcelona and will be on until Thursday 11th June. Held at Fira de Barcelona's Montjuic venue, the show will host more than 550 companies (45% international) presenting about a hundred innovations for the first time. The event is the only one of its kind taking place in Spain and the second-biggest in Europe. During the opening ceremony, SIL's President, Enrique Lacalle, pointed out that the logistics sector had not been severely hit by the crisis and now "is giving good news" with a4% rise in corporate turnover expected for 2015. In addition, the nature of the exhibition reflects the character of the hosting city: the Catalan capital's port has the largest logistics concentration of southern Europe and the Mediterranean within a radius of 5 Km and also has a geostrategic location. Finally, the main roads and railway connecting the Iberian Peninsula with the rest of Europe pass through Greater Barcelona.

Barcelona's next mayor, Ada Colau, to attend massive pro-independence rally on Catalonia's National Day

June 8, 2015 10:03 PM | ACN

The leader of the alternative left and green coalition Barcelona en Comú, Ada Colau, has announced that she will attend the massive demonstration for independence scheduled for Catalonia's National Day (11 September). In 2014, the demonstration gathered more than 1.8 million people in Barcelona. Colau won the municipal elections 2 weeks ago and therefore is likely to become the next Mayor of the Catalan capital. Last week, she said she would not join the self-determination road map agreed between the centre-right pro-Catalan State coalition CiU and the left-wing independence party ERC because she refuses to reach agreements with the right-wing CiU. Pro-Spanish unity media started to speculate that she did not support Catalonia's self-determination process. This Monday Colau highlighted her commitment to the process and announced her will to contribute "to a constituent process that should allow for real sovereignty", expanding the current process' plurality.

Snow covers most of Catalonia, causing minor inconveniences

February 4, 2015 09:03 PM | ACN

Some roads have been blocked for a few hours and thousands of children had their schools shut down for the day. These have been the main effects of a small snowstorm that covered most of Catalonia during Wednesday morning. Catalonia has a wide diversity of landscapes, combining alpine mountains with river deltas, flat agricultural plains with rocky coasts, hills covered by forests with sandy beaches. This diversity is concentrated in an area the size of Belgium, which results in a wide diversity of climates. In the Pyrenees, snow is present for most of the winter, but this is not the case for the rest of Catalonia. In the flatlands around Lleida or in hilly areas of Girona or the northern part of Barcelona Province, it tends to snow at least once per year, but not in the rest of the country, where it only snows once every 4 or 5 years. Therefore, when snow arrives, transport problems and other issues tend to be also present.

Barcelona-based Abertis to list its telecom division on the Stock Exchange in 2015

October 30, 2014 09:45 PM | ACN

Abertis, the international group which manages transport and telecommunications infrastructures, has announced it will list its telecom exchange business on the Stock Exchange in 2015. The Catalan company presented its new Strategic Plan for 2015-2017 to investors in London this week. The main objectives of the decision were to develop its business strategy, increase returns for shareholders and boost growth. The company currently owns 8,000 radio, television and mobile signal towers. Besides, Abertis presented its numbers for the first nine months of 2014 to the Spanish Stock Exchange Authority (CNMV), including a net profit of €560 million, an increase of 4.6%. The new Strategic Plan also envisages a dividend increase of 10% for its shareholders every year until 2017.  

Catalonia's infamous N-II road off limits to heavy load lorries after 17-year controversy

June 17, 2013 04:40 PM | Marina Presas

Poor road conditions and a high rate of traffic accidents have led the Catalan Government to approve a strict circulation restriction for four axle lorries throughout 90 kilometers (56 miles) of the N-II, a road linking Madrid with Barcelona and the French border, which has only one lane per direction. Although the measure is of temporary character, it has outraged roadside shopkeepers and lorry drivers, but neighbors from towns close to the highly-frequented road totally support it. According to the Catalan Ministry for Public Works, now is the moment for the widening project of the road drawn up by the Spanish Government in 1995 to be restarted after years of delay due to a lack of funding in order to improve road conditions for the main entrance road to Spain from France.

Once again the Spanish Government will not honour investment obligations in Catalonia next year

October 4, 2012 01:47 PM | CNA / Gaspar Pericay Coll

As in the past, Catalonia will not receive the investment percentage it is legally entitled to by the current legislation. Instead of getting 19% of the foreseen investment in infrastructures made throughout Spain, in the Spanish Government’s budget for 2013 Catalonia will only receive 11.9%. Furthermore, essential infrastructures for Catalonia’s economy and Spain’s and Europe’s competitiveness are under-budgeted while the Spanish Government finds the money to build non-priority infrastructures, such as high-speed railways in Galicia. On top of this, only 35% of the public work initially foreseen in Catalonia by the Spanish budget for 2011 was executed, while in Madrid the work executed came to 111%. Besides, the Spanish Government has reduced its funds to Catalan cultural centres and festivals by 70% over two years.