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Trados M-45

Trados M-45

Indirect 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/