Abertis has close to EUR 4bn for deals; Itinere, Serenissima of interest
Spanish infrastructure group Abertis [BME: ABE] could spend up to EUR 4bn on acquisitions, Expansion reported, citing people close to the company.
The listing of up to 60.5% of its telecom subsidiary Cellnex will raise EUR 2bn for Abertis, the report said. Added to that are future cash flows and its capacity to raise financing, combined with its current EUR 2.5bn in cash, the report said.
Abertis continues to be very interested in Spanish motorway group Itinere and Italian tollway operator Serenissima, the report continued, adding that attractive to Abertis are assets in the US, Australia and in Europe.
Source Expansion