Abertis suitor ACS sounds out Hong Kong-based funds for counterbid - report (translated)
29 AUG 2017
Abertis [BME:ABE] suitor, the Spanish construction group ACS [BME:ACS], is sounding out Hong Kong-based investors for a bid to counter Atlantia’s offer [BIT:ATL], Expansion reported.
The Spanish-language business paper cited sources from investment and private equity funds, but did not mention any names. Atlantia is offering EUR 16.5 per share or EUR 16.5bn in its cash and paper bid for Abertis.
Among the funds contacted so far by ACS advisers is the UK’s The Children's Investment Fund Management (TCI) and the largest private investor in the Spanish airports operator Aena [BME:AENA]. TCI tried to promote a counterbid for Abertis through Aena, a possibility that was rejected by the state’s holding Enaire.