Most highway tolls lifted: what you need to know
Which roads are now free, how much money will drivers save, and who will pay for the highways
toll roads
Spain plans to turn highways into toll roads in 2024
Madrid pledge in exchange for EU funds comes as Catalonia prepares to reduce number of tolls
Abertis invests €125 million in A4 Holding and now controls 85% of its Italian subsidiary
The Catalan company Abertis reached an agreement with the minority shareholders of its Italian subsidary, A4 Holdings, to buy an additional 22.52% of the business' assets. The group will pay a total amount of €125 million, €89 million by the end of July, 2017 and the final €36 million by the end of January, 2018. As a result of the transaction, Abertis will now control 85.36% of A4 Holding, reinforcing its growth strategy and, in particular, its business in Italy, an attractive market for the group. The company said in a press release that the deal “demonstrates Abertis' ability to grow internationally in an attractive way while maintaining its financial discipline”. The purchase also fits with its management strategy which, according to the company, “allows investments in assets it knows well and where it faces no competition, reducing its operational risk profile”.