roads

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”.

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.