Abertis Infraestructuras S.A.

Abertis Infraestructuras is the parent company of a group of companies engaged in the management of mobility and communications infrastructures operating in five sectors: motorway concessions, telecommunications, airports, car parks and logistics services. Its business purposes include the construction, maintenance and operation of motorways under concession in Spain and internationally; the construction of roads; ancillary construction activities, maintenance and operation of motorways, and communications and/or telecommunications for the mobility and transport of people, goods and information, under the necessary authorization, as the case may be.
  • TickerABE
  • ISINES0111845014
  • CountrySpain

Analysts

Expert Corporate Governance Service (ECGS)

Abertis Infraestructuras S.A.- Proxy report 25/07/2018

In May 2018, Hochtief purchased 78.8% of Abertis shares through a public tender offer launched at € 18.36 per share. Hochtief increased its holding to 86.7% through market purchases made until June 13th. Taking into account that the Company holds 8.0% of the share capital in treasury shares, the minority shareholders that did not accept the offer made by Hochtief currently represent 5.3% of the share capital. On June 21st, Hochtief launched a purchase offer for the remaining 5.3% at the same price of the tender offer (€ 18.36 per share). The EGM is called to approve the delisting of Abertis' ...

Filipe Rosa

Construction & Building Materials: Termination of Coverage

Due to a reallocation of resources, Haitong Research is terminating coverage of ACS, FCC, Ferrovial, Sacyr, OHL and Abertis. Effective upon this termination of coverage, our last recommendations, fair values and estimates should not be relied upon going forward.

Louis AZAIS

Short term view - ABERTIS INFRA. SA : The gap does not bear specific consequences.

The company is under offer.Arguments :- The gap does not bear specific consequences.

Louis AZAIS

Analyse court terme - ABERTIS INFRA. SA : Le gap ouvert n'a pas de signification particulière.

Une OPA est en cours.Arguments :- Le gap ouvert n'a pas de signification particulière.

Louis AZAIS

Analyse court terme - ABERTIS INFRA. SA : Le gap ouvert n'a pas de signification particulière.

Une OPA est en cours.Arguments :- Le gap ouvert n'a pas de signification particulière.

Filipe Rosa

Construction & Building Materials: Termination of Coverage

Due to a reallocation of resources, Haitong Research is terminating coverage of ACS, FCC, Ferrovial, Sacyr, OHL and Abertis. Effective upon this termination of coverage, our last recommendations, fair values and estimates should not be relied upon going forward.

Atlantia could increase its offer price for Abertis up to €18/share.

Atlantia could increase its offer price for Abertis up to €18/share. According to Cinco Días, Atlantia could increase its offer price for Abertis up to €18/share in the event of a competing bid. Cinco Dias Positive for Abertis This news is in line with our opinion, that Atlantia will be the highest bidder thanks to its size and unlikely synergies. Although we value Abertis at €15.7/share, the €18/share valuation mentioned by Cinco Días is not unreasonable for a sector player. Our valuation pivots around a DCF model using a 5.8% weighted average discount rate, representing a spread of 400bp...

A director sold 879 shares at 19.420EUR and

A director at Abertis Infraestructuras sold 879 shares at 19.420EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Abertis Infraestructuras S.A.- Proxy report 25/07/2018

In May 2018, Hochtief purchased 78.8% of Abertis shares through a public tender offer launched at € 18.36 per share. Hochtief increased its holding to 86.7% through market purchases made until June 13th. Taking into account that the Company holds 8.0% of the share capital in treasury shares, the minority shareholders that did not accept the offer made by Hochtief currently represent 5.3% of the share capital. On June 21st, Hochtief launched a purchase offer for the remaining 5.3% at the same price of the tender offer (€ 18.36 per share). The EGM is called to approve the delisting of Abertis' ...

Expert Corporate Governance Service (ECGS)

Proxy Report - 12/03/2018

In item 4, the Board proposes to ratify the appointment of Mr. Francisco José Aljaro Navarro as CEO, to replace Mr. Reynés Massanet, who resigned in February 2018 and appointed as Chairman-CEO of Gas Natural. Mr. Aljaro Navarro has been the CFO of Abertis since 2005, and we have not identified any specific concerns over his appointment as CEO of the Company for the statutory term of 4 years. Hence, we recommend approval. In item 6, the Board asks the shareholders to authorize the sale of Abertis' 57% stake in Hispasat to Red Eléctrica, for a minimum consideration of € 656 million. As Hispasat...

Louis AZAIS

Short term view - ABERTIS INFRA. SA : The gap does not bear specific consequences.

The company is under offer.Arguments :- The gap does not bear specific consequences.

Louis AZAIS

Analyse court terme - ABERTIS INFRA. SA : Le gap ouvert n'a pas de signification particulière.

Une OPA est en cours.Arguments :- Le gap ouvert n'a pas de signification particulière.

Louis AZAIS

Analyse court terme - ABERTIS INFRA. SA : Le gap ouvert n'a pas de signification particulière.

Une OPA est en cours.Arguments :- Le gap ouvert n'a pas de signification particulière.

Louis AZAIS

Short term view - ABERTIS INFRA. SA : The gap does not bear specific consequences.

The company is under offer.Arguments :- The gap does not bear specific consequences.

Matthieu DRIOL

Analyse court terme - ABERTIS INFRA. SA : Le support est enfoncé.

La tendance est toujours neutre. Il faut enfoncer le creux à 17,919 € pour que la tendance devienne négative avec une invalidation au-dessus de 19,325 €.Arguments :- Le support est enfoncé.- Les prix enfoncent la moyenne mobile.

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