Trados M-45Indirect Partnership
51% Abertis, 49% APG
Description of the transaction
Ardian was Abertis’s partner in the Spanish operator, Trados, from the beginning of 2011. In 2020, Ardian sold its interest to APG.
Strategic rationale for the transaction
APG replaced Ardian as Abertis’s long-term partner.
Description of the partner
APG is a large Dutch pension fund with over €570 billion in assets under management. https://apg.nl/en/