Abertis suitor ACS woking on making direct offer
Abertis [BME:ABE] suitor the Spanish construction group ACS [BME:ACS] is working to make an offer directly and no longer through its German unit Hochtief [ETR: HOT], Europa Press reported citing sources close to the process.
ACS is analysing how to finance a bid to counter Atlantia’s [BIT:ATL] EUR 16.5 per share offer, probably offering around EUR 17 per share or EUR 17bn in total excluding debt, the Spanish-language report said.
ACS’s advisers for the transaction are JPMorgan, Lazard and Key Capital, the item added.
A report in the Spanish-language paper Expansion said that ACS advisers in the transaction, including Key Capital, have already contacted various investment funds, including TCI, which is the largest private investor in Aena. The the airport holdings manager studied at the time a counterbid for Abertis, finally discarded by its main shareholder the state-owned Enaire.