Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Abertis Infraestructuras    ABE   ES0111845014

ABERTIS INFRAESTRUCTURAS (ABE)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Abertis Shareholders Approve Hispasat Stake Sale

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/13/2018 | 04:21pm CEST

By Nathan Allen

Shareholders in Abertis Infraestructuras have voted in favor of the company selling its 57% stake in Hispasat to Spain's national grid operator Red Electrica Corp. SA (>> company sheet), potentially removing a major hurdle in the bidding war for the highway operator.

The sale is contingent on Abertis receiving a binding offer in excess of 656 million euros ($808.3 million) for the stake. Red Electrica Corp. has previously expressed an interest but hasn't submitted a binding offer.

Abertis shareholders also voted to pass to Red Electrica an obligation to buy a further stake in Hispasat from Eutelsat Communications. Abertis had agreed in May 2017 to buy a 34% stake in Hispasat from the French communications provider, but the deal has yet to receive government approval.

Abertis's two suitors--Actividades de Construccion y Servicios SA (>> company sheet) and Atlantia--have similarly struggled to gain government approval for their bids, partly because Hispasat is considered strategic national infrastructure, making any sale subject to a separate review by the Ministry of Energy.

Shareholders in Abertis also approved a EUR0.40 per share dividend, which will trigger a EUR0.40 per share reduction in the value of ACS's offer, which it submitted via its German subsidiary Hochtief in October.

The offer, which was approved by Spain's market regulator Monday, is now valued at EUR18.36 per share, compared with its initial value of EUR18.76 a share.

Abertis has 30 days from the date of approval to respond to the bid, during which time ACS or Atlantia can improve their respective offers.

Write to Nathan Allen at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS -1.60% 36.21 End-of-day quote.11.01%
ATLANTIA -2.15% 24.62 End-of-day quote.-6.46%
EUTELSAT COMMUNICATIONS 0.29% 17.34 Real-time Quote.-10.49%
HOCHTIEF -0.32% 156.4 Delayed Quote.6.30%
RED ELÉCTRICA DE ESPAÑA 0.03% 17.9 End-of-day quote.-4.33%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABERTIS INFRAESTRUCTURAS
09:10aABERTIS INFRAESTRUCTURAS : Technical inspection services
AQ
06/15ABERTIS INFRAESTRUCTURAS : Bridge renewal construction work
AQ
06/12ABERTIS INFRAESTRUCTURAS : Road viaduct construction work
AQ
06/12ABERTIS INFRAESTRUCTURAS : Motorway construction works
AQ
06/07CIE Automotive Replaces Abertis on Spain's Ibex 35 Index
DJ
06/071ST ABERTIS GLOBAL OBSERVATORY ON RO : the Europeans are the ones that exceed th..
PU
06/05Abertis Sells 4.1% of Cellnex for EUR213.2 Million
DJ
06/05ABERTIS INFRAESTRUCTURAS : La compañía comunica la finalización del proceso de c..
PU
06/04ABERTIS INFRAESTRUCTURAS : The company announces the launching of a private plac..
PU
06/01ABERTIS INFRAESTRUCTURAS : Crash barriers
AQ
More news
News from SeekingAlpha
02/07Abertis Infraestructuras SA ADR 2017 Q4 - Results - Earnings Call Slides 
02/07Abertis Infraestructuras SA reports FY results 
01/25'SAFER' DIVIDEND INDUSTRIALS TOP GAI : Capital, Costamare, Hoegh And BG To Janua.. 
2017Buy Abertis For A Return Between 2% And 13% In 6 Months 
2017American Tower, Crown Castle linked to chatter of buying Cellnex 
Financials (€)
Sales 2018 5 470 M
EBIT 2018 2 213 M
Net income 2018 1 033 M
Debt 2018 14 628 M
Yield 2018 4,47%
P/E ratio 2018 17,40
P/E ratio 2019 15,60
EV / Sales 2018 6,00x
EV / Sales 2019 5,80x
Capitalization 18 183 M
Chart ABERTIS INFRAESTRUCTURAS
Duration : Period :
Abertis Infraestructuras Technical Analysis Chart | ABE | ES0111845014 | 4-Traders
Technical analysis trends ABERTIS INFRAESTRUCTURAS
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 17,7 €
Spread / Average Target -3,7%
EPS Revisions
Managers
NameTitle
Francisco José Aljaro Navarro CEO, Chief Financial Officer & Executive Director
Salvador Alemany Más Chairman
Carmen Godia Bull Director
Marcelino Armenter Vidal Director
Carlos Colomer Casellas Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ABERTIS INFRAESTRUCTURAS-1.02%21 109
ATLANTIA-6.46%23 602
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.-13.55%15 201
GETLINK14.65%7 847
JIANGSU EXPRESSWAY CO LTD-3.45%7 326
SOCIETA INIZIATIVE AUTOSTRADALI E SERVI-16.95%3 405