CVC Capital Partners reportedly stated it is considering a EUR12 billion takeover bid for Abertis (City AM, 20-Dec-2010). CVC has reportedly begun talks about financing the agreement and is thought to be planning to make an approach to the group in Jan-2011. Abertis operates London Luton, Cardiff and Belfast International Airports in the UK following its acquisition in 2005 of TBI, which also had eight international airports including Stockholm Skavsta, La Paz, Santa Cruz, Cochabamba and Orlando Sanford Airports. Abertis also operates toll roads in France, Spain, Italy and Portugal, as well as telecom businesses and car parks.
21-Dec-2010 12:19 PM