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Atlantia/ACS/Hochtief €16.5 billion acquisition of Abertis Infraestructuras

13/3/2018
Public acquisition, Financial investment
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€ 16.5 billion

$ 18.306 billion

Announced

13/3/2018

Overview:

  • Atlantia, ACS and Hochtief have completed the €16.5 billion takeover of Spanish toll road operator Abertis Infraestructuras.
  • Under the agreement, Atlantia will control 50% of the company and one share, ACS 30%, while Hochtief will control 20% and minus one share.
  • Goldman Sachs acted as financial adviser to Atlantia's Board of Directors.
  • The deal will create a partnership between the largest construction group in infrastructure projects and the largest concessions' portfolio.
  • Atlantia is an Italian transport company, while Hochtief and ACS are German and Spanish construction companies respectively.

Katrin Kostadinova/Rajeeb Gurung - Data analyst/Researcher

Jurisdictions:

United States
Italy

Deal types:

Public acquisition
Financial investment

Practice area:

M&A

Governing law:

Italy

Industry sectors:

Construction and materials
Social infrastructure

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Goldman Sachs (Financial adviser)

Lawyer: Roberto Bonsignore

DLA Piper

Party: Atlantia (Acquirer)

Freshfields Bruckhaus Deringer

Party: Hochtief AG (Acquirer)

Lawyers: Alfonso de Marcos, Christoph Gleske, Ethan Klingsberg, Mario Hüther, Michael Josenhans, Ralph Kogge, Simon Schwarz

Gleiss Lutz

Party: Atlantia (Acquirer)

Lawyers: Christian Cascante, Jochen Tyrolt, Martin Hitzer, Patrick Mossler

Sullivan & Cromwell

Party: Abertis Infraestructuras (Target)

Lawyer: Nikolaos Andronikos

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