The road that will lead Atlantia towards Abertis seems to have gone downhill again. According to what was written today by the Spanish newspaper Abc, the investment funds consulted by Acs to participate in the counter tender offer of its Spanish transport and telecommunications company are said to be reluctant to support the initiative.
The company headed by Florentino Perez intended to include some international funds, and their money, in the offer on Abertis, including Tci, CVC, Kkr and Macquarie.
According to ABC reports, the aforementioned funds at the moment seem unwilling to open portfolios, also given the "lack of details in the structure of the operation" which could be carried out by the German subsidiary, Hochtief, or through an independent entity. “The existing discrepancies on the profitability of the operation represent the main reason why various investment funds would be reluctant in the face of the counter tender offer that Acs would like to launch on Abertis. Some of the potential investors, such as the British TCI, have already refused any participation”.
Atlantia meanwhile continues on its way. We recall that the Italian company has offered 16,13 billion euros, 16,5 euros per share and is currently awaiting the OK from the Spanish regulator.
In Piazza Affari, Atlantia currently gains 0,5% to 27,05 euros.
