Abertis to acquire 51.4% of two Italian motorways for €594 million
Abertis, a multinational company specialised in the management of toll roads and telecommunications infrastructure based in Barcelona, announced on Tuesday that it is to acquire 51.4% of the A4 Brescia-Padua Italian motorway. Spanning 146 km and acting as an important connection between the North of Italy and Central Europe, the route sees a circulation of approximately 91,000 vehicles per day. Abertis has also acquired the Italian motorway A31, which enjoys a strategic position thanks to its potential in becoming the fastest and shortest route to Eastern Europe. The total amount of the acquisition is €594 million, to be paid by January 2023, except for €5 million which will be paid when the transaction is closed in the coming months; the acquisition may bring in revenue of around €610 million for the Catalan company.