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General

Italy's Atlantia bids EUR 16 bln for Hispasat owner Abertis

Monday 15 May 2017 | 14:21 CET | News
Italian infrastructure giant Atlantia has launched a cash-and-share offer for Abertis that values the Spanish construction company at around EUR 16.3 billion. Abertis, which controls around 57 percent of Spanish satellite operator Hispasat, said in a statement to market watchdog CNMV that its board of directors wouldn't comment on the offer until it became legally mandatory. Abertis also retains a 34 percent stake in towers operator Cellnex Telecom but Atlantia announced that it didn't intend to make a mandatory offer for the whole of Cellnex as part of the Abertis bid.

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Categories: General
Companies: Cellnex / Eutelsat / Hispasat
Countries: Italy / Spain
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