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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Spain’s Abertis agrees to sell 20 pct stake in Chile unit to ADIA

Posted on 11 October 2016

Spain’s Abertis said on Monday it had agreed to sell a 20 percent minority stake in its Chilean unit to the Abu Dhabi Investment Authority (ADIA) for 495 million euros ($554 million). The sale values the unit, which runs 771 kilometers of highways through six concessions in the country, at a total of 3.7 billion euros including debt, Abertis said in a statement.
The Spanish company will continue to run the company and will hold the remaining 80 percent stake………………………………….Full Article: Source


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