7-Jul-2010 11:53 AM

ACS, CVC in talks to borrow USD8.8bn for Abertis purchase

Abertis Infraestructuras’ two main shareholders Criteria and ACS, and CVC Capital Partners are reportedly in talks to borrow up to EUR7 billion (USD8.8 billion) to fund a buyout of the Spanish airport, television and highway operator (Bloomberg, 06-Jul-2010). A reported 14 banks, including Mediobanca SpA, which is advising the bidders, UBS AG and Citigroup, plan to lend up to EUR500 million each. Criteria CaixaCorp SA, Actividades de Construccion y Servicios SA and CVC are reportedly considering a bid for all of Abertis. Other banks involved in the financing are BNP Paribas SA, UniCredit SpA, Intesa Sanpaolo SpA, Credit Agricole SA, Societe Generale SA, Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More