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Tunels

Tunels

Indirect Partnership
51% Abertis, 49% Predica
https://tunels.cat/

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