51% Abertis, 49% Predica
Description of the transaction
In July 2019, Ardian sold its 49% stake in Tunels, a company that operates a number of motorway tunnels outside Barcelona and in the Pyrenees, to the French insurer, Predica.
Strategic rationale for the transaction
Predica replaced Ardian as Abertis’s long-term partner.
Description of the partner
Predica, established in 1986, is the second largest life insurance provider in France, managing assets worth approximately €180 billion. It is wholly owned by Credit Agricole. https://www.ca-assurances.com/en/CAA/Compagnies/Predica