ABC50% + 1 share Atlantia / 50% - 1 share Bertin group
Description of the transaction
At the end of June 2012, Atlantia entered into a joint venture with the Bertin group with the establishment of the holding company, AB Concessões, with 50% + 1 share owned by the Atlantia and 50% - 1 share owned by the Bertin group, to whom have been contributed the assets held in Brazil.
Strategic rationale for the transaction
The aim of the transaction was to create a shared platform for the development of motorway projects in the country of Brazil. AB Concessões hold 100% of the concessions Triangulo do Sol and Rodovias das Colinas, and 50% of Rodovia do Tietê capital in the state of San Paolo and 100% of the concession Nascentes das Gerais in the state Minas Gerais.
Description of the partner
The Bertin group is a family-owned group. It started life as an agro-industrial business, which later diversified its business, investing above all in the infrastructure and energy sectors.