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Atlantia, ACS complete 16.5 billion euro acquisition of Abertis

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By Reuters
Atlantia, ACS complete 16.5 billion euro acquisition of Abertis
FILE PHOTO: A logo of the Atlantia Group is seen outside their headquarters in Rome, Italy August 31, 2018. REUTERS/Alessandro Bianchi   -   Copyright  ALESSANDRO BIANCHI(Reuters)

MILAN (Reuters) – Italian infrastructure group Atlantia <ATL.MI> and Spanish builder ACS <ACS.MC> have completed the joint acquisition of Spain’s Abertis in a 16.5-billion-euro (14.66 billion pounds)deal that creates the world’s biggest toll-road group.

Atlantia said in a statement it had indirectly acquired 50 percent plus one stake of Abertis. Spanish builder ACS takes a stake of 30 percent in the Spanish motorway group, with Hochtief holding 20 percent less one stake in it.

At the same time Atlantia bought 23.9 percent of Hochtief at a price of 143.04 euros per share, for a total consideration of 2.4 billion euros.

($1 = 0.8771 euros)

(Reporting by Francesca Landini, editing by Giulia Segreti)