07/04/2018 | Press release | Distributed by Public on 07/04/2018 07:07
Inst. Investors & Research Tel. +34 91 595 10 00
Tel. +34 902 30 10 15[email protected]
COMISION NACIONAL DEL MERCADO DE VALORES (CNMV)
In accordance with article 228 of the consolidated text of the Securities Market Act and article 17 of the Market Abuse Regulation, ABERTIS INFRAESTRUCTURAS, S.A. ("Abertis") hereby notifies the National Securities Market Commission (Comisión Nacional del Mercado de Valores) of the following
Abertis informs that yesterday, 3 July 2018, the Decrees of the National Executive Power numbers 607/18 and 608/18, both sanctioned on 2 July were published in the Official Gazette of the Argentine Republic No. 33.903 of 2018, by which the Comprehensive Agreements of Contractual Renegotiation of the Contracts of Concession of the Acceso Norte and of the Acceso Oeste of the Autonomous City of Buenos Aires are approved.
Each of these Integral Agreements was signed by the Ministry of Transport of Argentina, on the one hand, and Autopistas del Sol S.A. ("Ausol") and Grupo Concesionario del Oeste S.A. ("GCO"), respectively, on the other, on 26 June 2018. These Agreements are published on the website:www.boletinoficial.gob.ar.
With these agreements, Ausol and GCO, subsidiaries of the Abertis group in Argentina, extend their respective concession contracts in consideration of a global investment plan for a total amount of ~680 million dollars (~584 million euros).
Both concessionaires announced in 2017 that they formally began the renegotiation process with the Ministry of Transport of their respective concession contracts, which implies the recognition of pending rebalances. Under the agreements reached, the Abertis Group will carry out an investment plan to improve the current road network for a total amount of ~430 million dollars (~369 million euros) in the Ausol network and ~250 million dollars (~215 million euros) in GCO's, which will be financed with the future income of the concession thanks to the extension of the duration of the current contracts until 2030.
Josep Maria Coronas Guinart
Madrid, 4 July 2018
abertis.com /[email protected]