Adios Abertis Airports?

The Barcelona-based Abertis Infraestructuras, one of the major European infrastructure conglomerates along with Ferrovial, Dragados y Construcciones (also of Spain), Atlantia (Italy) and Vinci (France) is the subject of a potential buyout involving CVC Capital Partners one of the world’s five leading private equity firms. It is being suggested that ‘non-core’ assets might be sold off. Could they include the airports? [2241 words]

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This report contains the following subheadings:

• Syndicated debt arrangement involves 14 banks and counting
• La Caixa will remain the largest shareholder
• Could those ‘non-core’ assets include the airports?
• A ‘clear commitment’ to the management of airport infrastructures
• ‘Pending’ deals in Jamaica, Portugal and the US?
• Airports financial performance improving; but good enough?

This report contains the following charts and tables:

• Chart 1: Abertis Group revenue breakdown by segment 1Q2010
• Chart 2: Abertis Group revenue breakdown by geography 1Q2010
• Table 1: Abertis Airports list of owned/managed airports
• Table 2: Abertis Group financial highlights: three months ended Mar-2010
• Table 3: Abertis Group financial highlights: Six months ended 31-Mar-2010
• Table 4: Abertis Group financial highlights: 12 months ended 31-Dec-2010