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Spain's Abertis, Brookfield to launch bid for Brazil's Arteris

Published 2016-04-18, 03:07 a/m
© Reuters.  Spain's Abertis, Brookfield to launch bid for Brazil's Arteris
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MADRID, April 18 (Reuters) - Spain's Abertis ABE.MC said
on Monday that, together with a unit of Canada's Brookfield
Asset Management BAMa.TO , it will launch a bid for the shares
of Brazil's Arteris it doesn't already own for 10.15 reais
($2.87) per share.
The Spanish motorway operator and Brookfield Brazil
Motorways Holding currently own 69.26 percent of Arteris through
Participes, in which they hold 51 percent and 49 percent
respectively.
The offer, to be finalised May 17 and aimed at delisting
Arteris from the Brazilian market, discounts the payment of a
dividend, worth around 1.1 billion reais, Abertis said in a
statement to the stock market regulator.

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