Abertis/Atlantia: counter-bidder ACS talks to KKR, Macquarie, CVC and TCI
Abertis [BME:ABE] suitor ACS [BME:ACS], working to table a rival offer for the Spanish infrastructure group, has approached KKR [NYSE: KKR], Macquarie, CVC, and TCI, El Economista reported.
ACS CEO Marcelino Fernandez Verdes said on Friday 28 July that the process will take some time, El Economista said. ACS has until five days before the EUR 16.3bn offer tabled by Atlantia [BIT:ATL] of Italy expires, the Spanish-language paper noted.
ACS will vehicle its offer through the listed German unit Hochtief [ETR: HOT] the report went on to say. Lazard has ACS’ mandate for the transaction.
ACS will vehicle its offer through the listed German unit Hochtief [ETR: HOT] the report went on to say. Lazard has ACS’ mandate for the transaction.
CVC has just closed a EUR 16bn vehicle for investments in Europe and North America. TCI was ready to bid for Abertis with the Spanish airports group Aena [BME:AENA], an option finally rejected by the government. Macquarie is active in Spain and has just closed the acquisition of the car-park company Empark. Finally KKR has made several significant investments in Spain.
The Spanish government and Abertis significant shareholder La Caixa will back a Spanish offer for Abertis, the paper said.
Potential funds that may take part in ACS’s bid also include GIP and Advent according to the report.
The Spanish government and Abertis significant shareholder La Caixa will back a Spanish offer for Abertis, the paper said.
Potential funds that may take part in ACS’s bid also include GIP and Advent according to the report.